If your deductions for the year are more than your income for the year, you may have a net operating loss (NOL).
Publication 536 covers NOLs for individuals, estates and trusts:
- How to figure an NOL.
- When to use an NOL.
- How to claim an NOL deduction.
- How to figure an NOL carryover.
Current revision
Recent developments
Publication 536 will no longer be revised -- 24-OCT-2024