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Business Owners - NOLs & Bonus Depreciation

Has your state disallowed the carry forward of NOLs and bonus depreciation?

  • Yes

    Votes: 0 0.0%

  • Total voters
    3

obvious Child

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Has your state disallowed the carry forward (or carry back) of net operating losses (NOLs) and bonus depreciation?

If so, what state are you in?
 
Last edited:
As far as i am aware, NOL's in my state are tied to federal tax deductions. Therefore they cannot be disallowed without changes to the tax code. Thank god for the stimulus!
 
As far as i am aware, NOL's in my state are tied to federal tax deductions. Therefore they cannot be disallowed without changes to the tax code. Thank god for the stimulus!

Apparently California disallowed NOLs.

That's pretty much a sign of financial collapse.
 
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