I had a negative AGI for 2022 and it would seem that I need to manually calculate Publication 536 (to determine what value I can carryover from 2022 into year ending 2023 and place on my 1040 Schedule 1, Line 8A).
Everything appears to make sense until I get to the end of Worksheet 3, requiring the result of Form 461. It seems like this is expecting to be a negative number?
Since it doesn't look like there was an "excess" loss from 461 should I enter ZERO on Worksheet 3, Line 3?
Pretty confused here.
My worksheet math: https://i.imgur.com/NLplwr0.png
https://www.irs.gov/pub/irs-pdf/p536.pdf
https://www.irs.gov/pub/irs-pdf/i461.pdf