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NOL and Tuition deduction

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    NOL and Tuition deduction

    TP has dependent daughter with tuition expenses. When figuring NOL, do I need to add the $4000 allowed as tuition deduction back in with the other nonbusiness deductions. If the tuition is allowed, there is a NOL, is not there isn't. Instructions do not mention tuition as an add-in like IRA deductions, Alimony, standard deduction.

    #2
    The 2005 tax year edition of TTB, page 24-8 lists the Tuition and Fees deduction in the Nonbusiness column.

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