One of the best tax deductions is the net operating loss (NOL): it allows a loss in one tax year to offset income in another tax year.
But quirks in the tax law can sabotage your ability to maximize the tax savings you could get from your NOL.
In this article, you will learn
when you have an NOL;
your options for using the NOL as a deduction; and
four traps to avoid that can reduce the value of your NOL deduction. ... Log in to view full article.