Net operating losses (NOL)

If a Federal NOL deduction exists, the deduction needs to be added back on the taxpayer's Michigan Schedule 1, Line 7, to the extent the deduction is included in Federal AGI. A subtraction for a Michigan NOL deduction may be claimed on Schedule 1, Line 21, and is calculated on Page 1 of Form MI-1045, Application for Michigan Net Operating Loss Refund.
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