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January 19, 2023
Question

Why do I have a Net Operating Loss form on my state taxes when all I have is a W-2?

  • January 19, 2023
  • 1 reply
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1 reply

Employee
January 19, 2023

Please post more details, including the state.

January 24, 2023

In general, you will have a personal net operating loss when there are more deductions than gross income.  Please check your state tax return for the adjusted gross income.  

Employee
January 24, 2023

A net operating loss is the result of a loss from a trade or business; there are no "personal net operating losses".