Farmer's Tax Guide›2025 Returns›4. Farm Business Expenses›! ity to make a profit, your loss deduction
Net Operating Loss Limitation
2025 Publ 225 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States
If you have a 2025 net operating loss attributable to farming, you must carry it back two years, unless you elect to forgo the carryback. Farming businesses can elect to forgo the carryback and carry forward the farm net operating loss to a later year. See the Instructions for Form 172 or Form 1138 for more information.
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