When a farm operation’s deductions exceed its income, the result may be a net operating loss — a valuable carryover that tax software frequently miscalculates. This course shows tax professionals how to identify, compute, and use a farm client’s net operating loss with confidence. Participants work through classifying income and deductions as business or nonbusiness, determining whether a true loss exists, completing Form 172, and applying the carryback, carryforward, waiver, and 80% limitation rules that govern how a farm loss is used over time.