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Business vs. Non Business Income relating to Nol calculations

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    #1

    Business vs. Non Business Income relating to Nol calculations

    For purposes of calculating a personal NOL, what is considered to be the "business portion" of partnership or S Corp income and what is considered to be the "nonbusiness portion"?
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    #2
    Imho

    It would be all business income. By definition, a partnership or S-Corp is a business.
    Evan Appelman, EA

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