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A net operating loss on your 2017 tax return isn’t all bad news

A net operating loss on your 2017 tax return isn’t all bad news

by Capocore Professonal Advisors | Apr 9, 2018 | Small Business Tax

When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs. If when filing your 2017 income tax return you found that your business had an NOL, there is an upside: tax benefits. But beware — the Tax Cuts and Jobs Act (TCJA)...
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