{"data":{"id":"us-va/23vac10-110-81","jurisdiction":"us-va","citation":"23VAC10-110-81","heading":"Net operating losses; generally","body":"There is no express statutory authority in the Code of Virginia for a separate Virginia net operating loss. Since under § 58.1-322 of the Code of Virginia the starting point on a Virginia individual income tax return is federal adjusted gross income, and the federal carryback or carryforward of a federal net operating loss is reflected in federal adjusted gross income, Virginia taxable income is indirectly affected by federal net operating losses to the extent that they are reflected in federal adjusted gross income.","path":["Title 23. Taxation","Agency 10. Department of Taxation","Chapter 110. Individual Income Tax"],"source_url":"https://law.lis.virginia.gov/admincode/title23/agency10/chapter110/section81/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:54:11Z","sha256":"997bba89dd647b53fc17f5fa797442892ae05e0cb1f19be475c4e40d490dc82b","source_id":"us-va-vac","stale":false,"prev":"us-va/23vac10-110-80","next":"us-va/23vac10-110-82"},"notice":"GroundRules: Original legal text. Not legal advice."}