Mark for follow up Question 68 of 75 Which of the following

Mark for follow up Question 68 of 75 Which of the following items may create an NOL? ? Schedule C loss. O Mortgage interest on the taxpayer\'s main home that is not used for business. O Charitable contribution. O Medical expense. Mark for follou un

Solution

Option A --> Schedule C Loss

To have an NOL, your loss must generally be caused by deductions from your:

Trade or business,

Work as an employee,

Casualty and theft losses,

Moving expenses, or

Rental property.

Schedule C Loss is the loss reported in Form 1040 with respect to business or trade loss. Thus option A is correct