field_block:node:page:title

Net Operating Losses

field_block:node:page:body

A net operating loss (NOL) occurs when a taxpayer has allowable deductions that exceed taxable income for a given tax year. This negative taxable income may be applied or carried over to reduce tax liability in other years.

Under Minnesota law, the NOL deduction is limited to 80% of the corporation's taxable income. Minnesota law does not distinguish between NOL carryovers generated before or after the law change.

For more information, see Minnesota Statute 290.095  and Schedule NOL.

Contact Info

field_block:node:page:field_last_updated
Last Updated