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Level 3
posted Sep 21, 2024 1:32:47 PM

PUB 536 (2023) Interpretation for NOL in year 2022....CarryForward case?

My case:

NOL From 2022 carried forward to 2023 but not consumed. How do I compute the 2023 NOL Deductions Carryforward to 2024....?

 

Pub 536 (2023) only gives the case for "If you had an NOL deduction carried forward from a year before 2018 that resulted in your having taxable income on your 2023 return <=0......" (Why only this specific case?)

 

What instructions exist for my case above?

Please help!!!

 

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1 Best answer
Level 15
Sep 21, 2024 2:02:17 PM

see if PUB 536 for 2022 helps. apparently, you use woeksheet1 to compute the 2022 NNOL and then go to worksheet 3

https://www.irs.gov/pub/irs-prior/p536--2022.pdf 

2 Replies
Level 15
Sep 21, 2024 1:42:37 PM

Level 15
Sep 21, 2024 2:02:17 PM

see if PUB 536 for 2022 helps. apparently, you use woeksheet1 to compute the 2022 NNOL and then go to worksheet 3

https://www.irs.gov/pub/irs-prior/p536--2022.pdf