Howie incurred a $25,000 nonfarm net operating loss (NOL) in 2021. If Howie carries forward the NOL to 2022, what is the

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Howie incurred a $25,000 nonfarm net operating loss (NOL) in 2021. If Howie carries forward the NOL to 2022, what is the

Post by answerhappygod »

Howie incurred a $25,000 nonfarm net operating loss (NOL) in2021. If Howie carries forward the NOL to 2022, what is thelimitation, if any? 80% of adjusted gross income. 80% of taxableincome. There are no limitations on the deduction for 2021. NOLsare no longer allowed in 2021
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”