sjrcpa
Level 15
09-26-2025
12:50 PM
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Unless the trust owns a business and the business has a loss there is no NOL.
Passive losses and capital losses can be carried over to future years.
Negative taxable income, by itself, does not result in any sort of carryover.
Why is there negative taxable income? Expenses > income?
The more I know the more I don’t know.