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Net Operating Loss

A net operating loss (NOL) occurs when your tax-deductible expenses are more than your taxable revenue for the year. The most common reason for a NOL is a loss from operating a business. In some cases, taxpayers are allowed to use the losses in one year to offset the profits of other years.

2012 Online Tax Software

TurboTax

TaxACT

H&R Block At Home

CompleteTax