I have a large NOL that I'm carrying from a past year. When I manually enter the amount on Sch 1, 8a my income goes to a large negative number since I don't have income that needs off-setting this year. Should I only enter NOL in Sch 1, 8a that I want to apply for the current tax year? e.g. If I have $700,000 NOL and $200,000 income next year, should I only enter the portion of my $700,000 NOL in Sch 1, 8a that I want to apply in that year?
