Nol Carryover Rules 2025. Net operating loss (nol) carryforwards and capital loss carryforwards. Under tcja, c corporations must limit nol deductions to 80% of taxable income in any given year.
Under tcja, c corporations must limit nol deductions to 80% of taxable income in any given year. Net trade or business losses exceeding the annual threshold amount are carried forward as a net operating loss (nol) which the taxpayer may use to offset taxable income in.