retirement income included as income for NOL?

[steve1245]

Is retirement income included in non business income for calculating NOL?

[Maribeth]

Is retirement income included in non business income for calculating NOL?

Retirement income is considered non-business income for purposes of calculating the NOL. Therefore, your non-business income will only be offset to the extent of your non-business deductions; any non-business income in excess of the non-business deductions will reduce the NOL.

Maribeth