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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
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Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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Which cannot create an NOL? sole proprietor loss employee

Customer Question

Which cannot create an NOL?
sole proprietor loss
employee business expense
casualty loss
medical expense

Medical expense?
Submitted: 4 years ago.
Category: Finance
Expert:  Megan C replied 4 years ago.
Per publication 536, deductions include most itemized deductions (except for casualty and theft losses, state income tax on trade and business income, and any employee business expenses)

So the answer would be employee business expense CLICK HERE

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