The excess of nonbusiness capital gains over nonbusiness capital losses must be added to taxable income to compute the net operating loss of an individual.

Question

Quizplus · Accepted Answer

Nonbusiness capital gains and losses are not included in the calculation of an individual's net operating loss. These are reported on Schedule D and are separate from the calculation of net operating loss.

The Excess of Nonbusiness Capital Gains Over Nonbusiness Capital Losses