Lloret de Mar locandaNet Operating Losses (NOLs) If line 37 of Form 1040 is a negative number, you may have a netoperating loss (NOL). You can use an NOL by deducting it from yourincome in another year or years. To have an NOL, your loss must be caused by one (or more) of thefollowing kinds of deductions. From a business. From your work as an employee. For casualty and theft losses. A loss from operating a business is the most common reason for anNOL. discount hotels in NaplesFor details about NOLs, see Publication 536,Net OperatingLosses. It explains how to figure an NOL, when to use it, how toclaim an NOL deduction, and how to figure an NOL carryover.