Thanks. Not seeing 172 at all. As you suggested, providing some numbers that I entered.

2018 NOL $47,228, $2,993 available for carryover in 2024 - $2,993 absorbed 2024

2019 NOL $40,181, $40,181 available for carryover in 2024 - $? absorbed in 2024 (depends on what taxable income before NOL is)

2020 NOL $26,914, $26,914 available for carryover in 2024 - $0 absorbed in 2024

Before I limit the NOL to the numbers absorbed at 80% of taxable income, Statement 1 for Schedule 1 Line 8a - Computation of 2024 Taxable Income for NOL Utilization tells me 2024 taxable income before NOL deduction is $21,174. Is this the number I should use to apply the 80% limitation? It's confusing because if enter anything for NOLs absorbed, the $21,174 changes to $25,314 on the worksheet.

I'm not confident that I'm determining the correct amount to limit the NOLs against.