What Happens If I Forget to Claim a Net Operating Loss On My Return?

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What Happens If I Forget to Claim a Net Operating Loss On My Return?

By The BIDaWIZ Team on March 20th, 2012 at 6:00 pm

Taxpayers that are owners or investors in pass through entities (i.e. LLCs, partnerships, sole proprietorships, s corporations) may be able to claim a net operating loss (i.e. NOL) on their own tax returns. However, not all investors properly claim it and are left scratching their heads about how to fix their mistake. .

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