NOL Carryover Calculation Worksheet 1, line 2: Taxable income without NOL deduction

The NOL Carryover Calculation Worksheet 1, line 2 - Taxable income without the NOL deduction is calculated as follows: Form 1040, line 11b (taxable income) + NOL deduction = NOL Carryover Calculation Worksheet 1, line 2.
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You can find the NOL deduction on the NOL Carryover Calculation Worksheet 1, line 1.
For more information on the calculation of the NOL worksheets, refer to IRS Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts.

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