In 2017, Jane incurred an NOL of ($8,713) and she elects to waive her NOL carryb

Question

In 2017, Jane incurred an NOL of ($8,713) and she elects to waive her NOL carryback because she wishes to carryfoward her 2017 NOL. How would Lisa deduct her 2017 NOL carryforward in 2018? She would report her 2017 NOL of ($8,713) on her 2018 Form 1045, pages 1 and 2. She would report her 2017 NOL of ($8,713) as a negative amount on line 21 as other income on her 2018 Form 1040. She would report her 2017 NOL of ($8,713) on her 2018 Form 1045, Schedule A. She would report her 2017 NOL of ($8,713) on her 2018 Form 1045, Schedule B.

Explanation / Answer

Option A. he would report her 2017 NOL of ($8,713) on her 2018 Form 1045, pages 1 and 2

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