Corporations that cannot use their net operating losses in carryback years can carry the losses forward to offset income. The federal carryover is 20 years, as do most states. However, some states have shorter carryover periods for corporate NOLs. The Tax Foundation’s map shows these periods state-by-state.
Listen to my radio interviews with small business & entrepreneurship experts on Build Your Business Radio’s page at wsRadio.com where archived shows are available 24/7 for your listening convenience. Plus, each 3rd Tuesday of the month from 12pm to 1pm/ET you can live stream my interviews with expert guests.
