Business & farm

Thanks so much for that quick and thorough reply on a pretty complicated subject.  I know that I have a NOL carryover from 2018 that is a healthy figure.  My TurboTax files from 2018 and 2019 laid out my NOL in '18 and the carryover in '19 pretty clearly. 

 

So my question becomes:  Can I simply use that carryover to reduce my 2020 income (subject to the various contingencies you describe in your response) even if I have no net operating business gains or losses in 2020?