I'm trying to work out the calculation for an NOL and I'm having some difficulty understanding how to fill in Worksheet 1 from IRS-536 to do so. The example they give in the publication to fill out the worksheet doesn't actually follow the Worksheet at all (which is both funny and frustrating) and I haven't been able to square up the actual worksheet with the example data for the NOL they calculate in the text. I also haven't been able to find a better example or more clarity after searching for hours. Everyone I've seen just points back to 536 (or Form 1045 which has the same worksheet, calling it Schedule A there). Does anyone have a better example or two? Or can explain how the example fits into the Worksheet? Thanks
