Solved
Did I have a Net Operating Loss if my business had no income, only expenses?
I had additional start up expenses in early 2015, but the death of my partner put the business on an indefinite hold, so no income was made,
A net operating loss (NOL) is a loss taken in a period where a company's allowable tax deductions are greater than its taxable income, resulting in a negative taxable income. This generally occurs when a company has incurred more expenses than revenues during the period.
You may check your net profit (or loss) on your Schedule C, at line 31.
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