Yes, but it isn't very straightforward. I basically only have numbers for lines 1-9. Here are some random numbers to see if I am thinking correctly.
Let's say my AIG is $2,800. Line 1 is AIG minus standard deduction. So $2800 minus $24,800 so -$22,000. Is that correct thinking?
I have nothing for lines 2-5. Then line 6 is non-business deductions. Am I supposed to input the standard deduction value here too? That's what it seems by the worksheet.
Then line 7 is nonbusiness income. Let's say $12,800 for that. Line 8 is lines 5+7 so it is also $12,800.
Line 9 is the difference between lines 6 and 8 so that is $12,000.
Nothing for lines 10-23.
Line 24 combines line 1, 9,17, 21-23 for total NOL. Line 1 (-$22,000) plus line 9 ($12,000) equals $10,000 for my NOL. Is that correct? It isn't very clear, and that number doesn't really make much logical sense. Any input would be great.
