NOL carryover from 2022 to 2023

[ez10977]

Hi

I had a NOL carryover from 2021 to 2022 for 300K, my taxable income in 2022 before accounting for the 300K carryover loss is zero, can i just skip the carryover loss from the 2022 return and enter everything o my 2023 return or it must be reported first on the 2022 return? if it must be reported on the 2022 return then it seems to me that I loss the entire 300K, because when will look at the 1045 worksheet 1 line 23 you need to enter as a positive any prior year NOL, so that totals that there is no NOL available for future years, am I right with this?

The only think i have on my mind but it doesn't look real, is to enter the 2021 NOL on form 461 line 8 as a negative and use the total from 461 line 16 as a negative plus the positive amount from worksheet 1 line 24 (see instructions for 1045 worksheet 3).

Bottom line I am really confused and would appreciate if someone could help me.

[Anonymous_]

Report it and then recalculate (Form 1045).

I am going to page @Mike9241 

[Mike9241 · Accepted solution]

schedule A is to compute your NOL for the current year, which excludes prior year NOLs.  You need to complete schedule B for the prior years.

[ez10977]

Thank you for your time.