RobertB4444
Expert Alumni

Get your taxes done using TurboTax

You can't use half of your NOL in the carryforward year.  You must use the entire balance of the NOL.  In your case your AGI is $33,424 and your NOL is $22,755.  That reduces your AGI to $10,669 and your taxable income to zero.  That also uses up your NOL entirely and you do not have an NOL to roll into 2024.

 

@Ed-tax2024 

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