Howie incurred a $25,000 nonfarm net operating loss (NOL) in 2021. If Howie carries forward the NOL to 2022, what is the
Posted: Sun Jul 03, 2022 1:02 pm
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