we can't see your 2019 return. your NOL calculation is probably wrong. you need to use schedule A of 1045 to properly calculate the amount or publ 536 which has a worksheet.https://www.irs.gov/pub/irs-pdf/p536.pdf
calculate it wrong and then the IRA withdrawal amount you are trying to hit will be wrong. when filing the IRS will probably catch the error and then
the PUBL has a nice list of items that make up the various categories
here's a shortcut that may work (no guarantee)
the excess of items business losses over items of business income - these items usually are wages, schedule C, E & F net income or loss) capital and ordinary gains and losses from disposing of business property
this net is reduced by the excess of nonbusiness income over nonbusiness expenses (but not below 0)
nonbusiness income - dividends, interest, nonbusiness capital gains
nonbusiness expenses - itemized or standard deduction, nonbusiness capital losses (not to exceed nonbusiness capital gains)
example:
wages $39K - business income
interest income $3 - nonbusiness income
k-1 loss deduction $104K loss - business loss
agi negative $62K
std deduction $27K non-business
excess of items of business losses over business income
$104K less $39K = $65K
excess of nonbusiness income over nonbusiness deductions
$3k less $27K net negative $24K thus limited to $0
net $65 loss = NOL
if interest income was $40 and the other items remained the same
agi would be negative $25K
excess of items of business losses over business income stays $65K
excess of nonbusiness income over nonbusiness deductions
$40K less $27K net $13K
NOL the net of the above $52K
