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December 26, 2025
Question

Previous year business loss offset on NOL

  • December 26, 2025
  • 0 replies
  • 8 views

Hello,

Can someone help with below questions?

1. How can I report business losses from previous year to offset Net Operating income for the current year?

2. How many years the loss from previous year can carry forward to completely offset net operating income?

 

Thanks,

(PII Remove)