1040-US: Form 1045 NOL carryback - amount to carry over to subsequent years

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Question

When carrying the NOL back to the earliest year, why do the Carryover Summary and NOL Worksheets not show the excess NOL carryback amount as a carryover to the next year?

Answer

When using Form 1045 to carry back a net operating loss, the carryforward amounts should be pulled from Form 1045, Schedule B, line 10 in the year in which the NOL is generated. For this reason, the NOL Worksheets and the Carryover Summary will not be completed in the year to which the NOL is carried back.

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