TaxGuyBill
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		07-29-2021
	
		
		03:14 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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A "business loss" and "Net Operating Loss" are two different things.
If AGI is not negative, there is no NOL. As you have seen, a business loss properly offsets any other income on the tax return.