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Mark Anderson
Mark Anderson, Tax Attorney
Category: Tax
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Experience:  Tax attorney and accountant
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Line 2. Treat your NOL deduction NOL year entered

Customer Question

Line 2. Treat your NOL deduction for the NOL year entered at the top of the worksheet and later years as a positive amount. Add it to your negative taxable income (figured without the NOL deduction). Enter the result on line 2.
DO NOT UNDERSTAND THIS INSTRUCTION FOR NOL CARRYOVER- WHICH lines do I use from my 2014 return how do I compute my negative taxable income line 41 on my 2014 return?
Submitted: 7 months ago.
Category: Tax
Customer: replied 7 months ago.
this is a nol carryover I am using
Customer: replied 7 months ago.
talking about irs536
NOL Carryover From 2015 to 2016
Worksheet Instructions
Expert:  ShawnA replied 7 months ago.
The best solution is a co0nvcerastion as it is easier for you to understand.
Expert:  Mark Anderson replied 7 months ago.
Here are the instructions:https://www.irs.gov/publications/p536/ar02.html#en_US_2015_publink1000177329Have you gone through the form and instructions?https://www.irs.gov/pub/irs-pdf/f1045.pdf
Expert:  Mark Anderson replied 7 months ago.
You enter the amount of the NOL as a positive number.https://www.irs.gov/publications/p536/46569u02.html