1040-US: NOL Worksheet 2, line 2 - Taxable income without NOL deduction

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Question

How is NOL Worksheet 2, line 2 (Taxable income without the NOL deduction) calculated?

Answer

The amount is calculated as follows:

Form 1040, line 43 (taxable income) + NOL deduction = NOL Worksheet 2, line 2

Note: The NOL deduction can be found on NOL Worksheet 2, line 1.

For additional information on the calculation of the NOL worksheets, see IRS Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts.

Related topic: Form 1045 and net operating loss worksheets FAQs (1040)

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