# Enrolled Agent Exam [Part 2] 63, Net Operating Loss (NOL) — Carryforward Rules

Page: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-63-net-operating-loss-nol-carryforward-rules
Text version: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-63-net-operating-loss-nol-carryforward-rules.md
Podcast: [Finance Exam Prep](https://stenobird.com/podcast/finance-exam-prep-7658413)
Published: 2026-06-29T22:41:20+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/20532a46-1f62-4829-adc9-5bc93ee8fd32.mp3
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Duration seconds: 194

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Post-2017 Net Operating Losses (NOLs) have an indefinite carryforward period but generally cannot be carried back. - The deduction for post-2017 NOLs is limited to 80% of the taxable income in the carryover year, calculated before the NOL deduction itself. - Pre-2018 NOLs follow older rules: a 2-year carryback and a 20-year carryforward, with the ability to offset 100% of taxable income. - Specific exceptions exist, such as a 2-year carryback for certain farming losses, which are common exam trick questions. - Use the mnemonic "After '17, NOLs go on for infinity, but they're only eighty percent mighty" to remember the indefinite carryforward and 80% limitation for post-2017 NOLs. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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