Net Operating Loss Calculator

Use this calculator to compute your Net Operating Loss for a given tax year in the USA according to IRS Form 1045 Schedule A.

For more details on business and nonbusiness income and deductions, see IRS Publication 536.

Year

Enter your tax return year.

Adjusted Gross Income

Find your adjusted gross income on form 1040.

Deductions

Find your standard deduction or itemized deductions on form 1040.

Non-Business Capital Losses or Gains

Find your non-business capital losses on form 1040 schedule D line 16. If it is not a loss, enter 0. Do not include any section 1202 exclusion amounts, which you can find in your form 1099-B worksheets.

Find your non-business capital gains on form 1040 schedule D line 16. If it is not a gain, enter 0. Be sure to enter the gains before any section 1202 exclusion, which you can find in your form 1099-B worksheets.

Non-Business Deductions

Enter deductions that aren't connected with a trade or business. They include:

Don't include any business deductions. These are deductions that are connected with a trade or business. They include:

Non-Business Income

Enter income that isn't from a trade or business. Examples are ordinary dividends, annuities, and interest on investments.

Don't include business income. This is income from a trade or business and includes:

Business Capital Losses or Gains

Enter business capital losses before any limitations.

Enter business capital gains before any section 1202 exclusion.

Schedule D Capital Losses or Gains

Enter your loss from form 1040 schedule D line 16. If it is not a loss, enter 0.

Enter your loss from form 1040 schedule D line 21. If it is not a loss, enter 0.

Section 1202 Exclusion

Enter any gain excluded under section 1202 on the sale or exchange of qualified small business stock.

NOL Deduction

Enter your net operating loss deduction, if you claimed a net operating loss deduction for losses from other years on this tax return. Note that starting in tax year 2021, your net operating loss deduction is limited to 80% of your taxable income. For example, if your taxable income is $100k, you can claim a maximum NOl deduction of $80k, which leaves a taxable income of $20k.