2019 and 2020 books are in the
Odds and Ends
The little voice in America's head
9 10, 6:53pm
But....Net Operating Loss is 100% intended for businesses. It literally cannot be intended for households because households don't produce anything other than kids and the sale of those has been illegal...
Like it's called Net Operating Loss. I have no idea how it could apply to anything but businesses. And sure, while I would say the initial intent by Woody was *not* to allow losses to be tax deductible, that *was* the intent by Bill Clinton and to blame business owners for taking advantage of a basic law to maximize profit is like leaving bits of turkey and chicken in a food bowl and beating your cat for trying to eat it.