NOL

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Definitions
Loss Carryover
Taxation Net Operating Loss NOL Loss Carryover Tax Deductions Tax Deferral Business Loss Personal Income Tax
Loss carryover refers to a tax mechanism that allows individuals or businesses to apply a net operating loss (NOL) to future tax years, offsetting taxable income.
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Definitions
Net Operating Loss (NOL)
Net Operating Loss NOL Tax Deductions Internal Revenue Code Taxation Business Losses
An analysis of Net Operating Loss (NOL), detailing its definition, examples, frequently asked questions, related terms, resources, and suggested readings.
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Definitions
Net Operating Loss Deduction
Net Operating Loss Deduction NOL Tax Deduction Carryforward Carryback
The deduction of a net operating loss (NOL) incurred in one tax year in another tax year. This mechanism allows businesses to adjust their taxable income by carrying losses forward or backward to reduce tax liabilities.
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