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Your Modified Adjusted Gross Income From All Sources as shown on line 17 Part III Form NOL-85A. 2. Your spouse s Federal Adjusted Gross Income. The amount on line 7 may be carried forward to the next applicable year Form NOL-85A line 2. If line 6 exceeds line 2 enter zero here and complete Part II below. This amount should be entered on line 2 of Form NOL-85A for the tax year to which it is being carried. BEFORE COMPLETING LINES 8 THROUGH 14 Com...

Net operating losses are generally limited. If the loss is more than 10 million, it may be limited to a single year or limited to a maximum of 1 million if you carry a total of more than 15 years of losses. Net operating losses that exceed the limit are carried forward or carried back, adjusted annually. If you are not eligible for carry forward or carry back because you failed to file Form 1040X or because the total of the loss is more than the applicable limit, see instructions for line 5 of Schedule C (Form 1040) (or line 20 of Form 1040A) before completing Form NOL-85A. The table below shows you the total net operating loss carry forwards or carry backs that are available for carry forward or carry back for the year. Note: This table can be used only for carry over carry back purposes. Net operating loss carry forward or carry back, adjusted yearly (dollars in thousands). Total LN Carry for forward loss/carry back Carry over Carry back Carry for carry forward (dollars in thousands) Total loss carry forward Carryover Carry back Carry, forward for carry forward (dollars in thousands) (1) Form 1040X. See previous row. All dollar amounts in this column are in thousands. Enter a negative amount if you have not carried forward any loss. If a loss is carried forward, enter zero. Enter a positive amount if a loss is carried forward, and you are eligible for carry forward or carry back. (3) Form 1040A (Line 20). See previous row. (4) Form 6038EQ. A copy of the letter from the IRS. All dollar amounts in this column are in thousands. Enter a negative amount if you have not carried forward any loss. If a loss is carried forward, enter zero. Enter a positive amount if a loss is carried forward, and you are eligible for carry forward or carry back. A form 6038EQ will also show the current year tax amount. For carry forward purposes, a loss is not considered to have been carried forward if the loss may be carried forward, but the IRS has not certified the amount to be the result of a reasonable analysis. LN: A carry forward or carry back is generally unlimited in amount at any time during the tax year. Any amount taken into account on the return shall not be carried over to the next tax year.