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jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3159
Experience:  I've prepared all types of taxes since 1987.
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new york city net operating loss long can ...

Resolved Question:

new york city net operating loss long can you carry forward this operating loss...20 years
Submitted: 8 years ago.
Category: Tax
Expert:  jgordosea replied 8 years ago.

A net operating loss deduction is allowed in computing net income for the New York City tax. A carryover or carryback are permitted in the same manner as for federal purposes. The net operating loss may be carried back or carried forward only to the same year as for federal income tax purposes. (from information in 2006 Guidebook to New York Taxes edited by Mark S. Klein ).

See for more federal NOL information.

I hope this is the information that you need for NYC NOL carryforward.

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