Tax Year	Taxable Income (Loss)
2014	20,000
2015	25,000
2016	60,000
2017	(115,000)
2018	(55,000)
2019	10,000
2020	30,000

Using the information provided, prepare the net operating loss (NOL) carryback/carryforward schedule in the Excel template. For column B, enter the 2017 NOL amount. For column C, enter the 2018 NOL amount. If the amount is zero, enter a zero.
	A	B	C
				1	NOL Carryback/Carryforward Schedule	2017 NOL	2018 NOL
2	Net operating loss (NOL) generated	($115,000)	($55,000)
3	Less: NOL carryback to 2014
4	Less: NOL carryback to 2015
5	Less: NOL carryback to 2016
6	Equals: NOL carryforward to 2019
7	Less: NOL utilized in 2019
8	Equals: NOL carryforward to 2020
9	Less: NOL utilized in 2020
10	Equals: NOL carryforward to 2021