What is a prior year net operating loss carryover?

A California prior year net operating loss (NOL) carryover is an NOL reported by your business or pass-through entity in a taxable year prior to 2013 that, due to income or other limitations, was not eligible to be taken as an offset to taxable income in the year it was incurred. A certain portion of that NOL can then be carried over to offset taxable income in later years.

Deluxe Edition

Includes All Free Features PLUS:

Audit Assist

Protect your taxes with Audit Assist!

Over 1.7 million taxpayers were audited last year... let us help. Our tax professionals will assist you if you are audited by the IRS. Get the peace of mind that comes from knowing you are covered.

Included with DELUXE...
Find out More!

Free Edition

FREE Federal, FREE e-file:

Our online application is designed to be simple and fast. Most returns can be completed within 30 minutes. No software to download. Use any computer that has an internet connection.

© 2002-2014 FreeTaxUSA, a TaxHawk, Inc. owned and operated website - Terms of Use