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NOL Carryover

I've attempted to use publication 536 to determine if I have a NOL Carryover, but am rather confused on what values to enter for the various line items.  Is it safe to say that if line 1, my AGI less the standard deduction, is a large positive number then I am unlikely to have a NOL?  I do have some small operating losses from my schedule C business in prior years, but those amounts are far exceeded by line 1.

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NOL Carryover

yes. if your AGI less your standard deduction results in having taxable income, you can't have an NOL.

 

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