It says on my tax form from 2020
"net operating loss carried forward to 2021: $123,202"
The losses were from 2020 and the $56,000 of profit was from 2021.
Yes AGI was -$123,000 for 2020
I had my CPA do my taxes last year so I'm assuming the election was filed considering I didn't get a refund from the IRS. My income dating back to 2015 has also been close to nothing so there was no option but to carry it forward.
