retirement income included as income for NOL?

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  • steve1245
    Junior Member
    • Jun 2007
    • 13
    #1

    retirement income included as income for NOL?

    Is retirement income included in non business income for calculating NOL?
    Tags: None
    • Maribeth
      Senior Member
      • Oct 2006
      • 425
      #2
      Originally posted by steve1245
      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

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