ftb california nol suspension years
Suspended Net Operating Loss (NOL) For taxable years beginning 2010 and 2011, California suspended the NOL carryover deduction for individuals with modified AGI (or companies with net income after California adjustment) greater than $300,000. If modified AGI (or companyâs net income) is less than $300,000 or taxpayers have disaster loss carryovers, the NOL suspension rules do not apply.