North Carolina changes its method for calculating net economic loss

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The North Carolina Department of Revenue ("Department") issued guidance regarding the change in computing the state's net economic loss. Previously, certain non-taxable income items were considered in the computation of net economic loss. The Department has revised its interpretation, recognizing that any allowable deduction, although not taxable, may not reduce a loss in the year it was created. [Important Changes in Computing Net Economic Loss, North Carolina Department of Revenue (8/17/12)]



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