Table 1. Worksheet for NOL. Carryover From 2015 to 2016 (For an NOL Year Before 2015)

Summary: This is an example of the worksheet used to figure the net operating loss carryover from 2015 to 2016. A Note on the bottom of the form states: If you choose to waive the carryback period, and instead you choose to only carry your 2015 NOL. forward, use Schedule A, Form 1045 to compute your 2015 NOL. that will be carried over to 2016. Report your 2015 NOL. from line 25, Schedule A, Form 1045, on the other income line of your 2016 Form 1040 or Form 1040NR, or the line on Form 1041 for deductions NOT subject to the 2% floor in 2016. The line items to be completed are:

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