California Raises Taxes Again By Restricting Net Operating Loss Use
You can generally rely on using a loss in one year to offset profit in another with net operating losses. But a new California law suspends NOLs for 2024, 2025 and 2026.
You can generally rely on using a loss in one year to offset profit in another with net operating losses. But a new California law suspends NOLs for 2024, 2025 and 2026.