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Level 2
June 10, 2022
Question

Why am I not able to use the entire NOL Net Operating Loss Carryover from previous several years? It uses only 80%, but I have over 2.5M NOL carryover since 2015.

  • June 10, 2022
  • 1 reply
  • 11 views
It only reduced current income by 80% by using NOL carryover, rather than the entire 100%.
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1 reply

sjrcpa
Level 15
June 10, 2022

Read up on the rules. Some years have an 80% limit.

The more I know the more I don’t know.
abctax55
Level 15
June 10, 2022

Or, get up-to-date on your CPE? /S

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