Thanks again for the answers. Your answers are valuable to solve this complex issue and gave me good working insight, and I am sure this would help many more like me, so I once more thank you from the bottom of my heart.
No, there will be no refund from any prior years by carrying back the two NOLs so I can go as far as 2012 -- in addition, these allow me to carryforward the unused losses every year to eventually help my 2016 taxable burden since I, in ignorance, had rolled over large IRA amount in 2016 against seeing a large negative number on 1040 line 41 of 2015 tax return, hoping that TT S/W would offset.
Also, great advise to create a spreadsheet to save lots of time and minimize manual mistakes this year and in the future years.
Sincere Regards!
