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.