{"iri":"https://lexicon.financial/legal/tax/irs/Pub334/ExcessBusinessLossLimitation","label":"Excess business loss limitation","definition":"A limit on the amount of trade-or-business losses non-corporate taxpayers may deduct against non-business income in a given year. Excess amounts are carried forward and treated as a net operating loss in subsequent tax years. Computed on Form 461.","license":"https://www.usa.gov/government-copyright","source":"irs","source_url":"https://www.irs.gov/publications/p334"}