As a casual gambler the gambling loss would not be a net operating loss on your income tax return.
If you have a business operation of gambling then you could end up with a net operating loss from your gambling business.
operating loss capitalization
Total operating income less total operating expense = net operating income (or loss if the expenses were higher)
What about it?
Identify and total all operating expenses for the period. Expenses include advertising, marketing, sales representative salaries, sales commissions, professional fees, office supplies etc. Subtract the total operating expenses from gross profit to calculate net loss.
While calculating cash flow from operating using indirect method, Loss on sale of equipment is added back to net income as due to loss there is no cash outflow occurs.
The formula for incremental net operating income is net operating assets minus net operating costs. Using this formula can help you learn the net income of a business.
A company's operating income after operating expenses are deducted, but before income taxes and interest are deducted. If this is a positive value, it is referred to as net operating income, while a negative value is called a net operating loss (NOL).Read more: http://www.investopedia.com/terms/n/noi.asp#ixzz25SVTz0Zf
: Profit and loss account gives the actual information about net profit or net loss of the business for an accounting period, Profit and loss account gives the actual information about indirect expenses, Profit and loss account serves to show the ratio between net profit to sales, Profit and loss account helps in showing the ratio between net profit to operating expenses, Profit and loss account helps in controlling indirect expenses
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Net operating income (must be a positive number, otherwise would be net operating loss) is the amount after expenses have been deducted out of sales, BUT before INTEREST and INCOME TAXES have been deducted (also called EBIT: Earning before Interest and Taxes). Therefore, the difference is that Net operating income includes interest and income tax expenses, where as Net Income does not include it. Sales (-)CGS Gross profit (-)Operating expenses/depreciation Net operating Income (EBIT) (-)Interest and income taxes Net Income
you might loss of of your money or family and friends so stop gambling
net operating capital net operating capital