An unreimbursed employee business expense can create an NOL for an individual.

Question

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Unreimbursed employee business expenses can be claimed as a deduction on an individual's income tax return. If these expenses exceed the individual's income for the year, it can create a net operating loss (NOL), which can be carried forward or back to offset future or past taxable income. However, there are limitations and restrictions on claiming unreimbursed employee expenses as deductions and NOLs.

An Unreimbursed Employee Business Expense Can Create an NOL for an Individual