Business capital gains or losses result from the:
1. Disposition of business equipment that is eligible for §1231 treatment.
2. Disposition of personal residence.
3. Disposition of personal-use tractor.
4. Disposition of vacation home.
A NOL has the potential to generate extra revenue for the taxpayer:
1. For the NOL year.
2. As a refundable credit.
3. As an adjustment to gross income.
4. For the carryback, carryover, or carryforward year.