Quote:
Originally Posted by NOL2009 
#1:I had an NOL in 2009, which I'm carrying over and still have a lot left. I got married last year and Pub. 536 is extremely vague as to how to report the NOL. They just talk about figuring share of a joint tax liability or contribution toward tax paid. If I only made $3000 last year and have $155,000 left, where am I to report "my share"?
#2;If I use the table on Pub 536 I still have about $150K and my spouse's income was $98K. Putting $150K on Line 21 would wipe both our incomes, but I'm supposed to only apply the NOL to mine. HELP!!! How am I supposed to report this?
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#1;you need to figure each spouse's share of the joint NOL by figuring each spouse's NOL as if he / she filed a separate return. If only you have an NOL.All of the joint NOL is your NOL.
aslongas both of you have an NOL, you need to multiply the joint NOL by a fraction, the numerator of which is spouse A's NOL figured in separation and the denominator of which is the total of the spouses' NOLs figured in . The result is spouse A's share of the joint NOL. The rest of the joint NOL is spouse B's share.If the entire loss isn't used up within the permitted period 2 back and 20 forward, no further nol carryover is permitted.Since carrying back a nol to a prior tax year can result in a quick tax refund, it will usually be unwise to pass up the carryback period due to time value of money, unless you're quite sure that your business will be in a higher tax bracket in the future.As mentioned above;
#2;when f you c/f the nol, you would list your nol figure as a negative amount on the other income on line 21 of Form 1040 , and attach a statement showing how you computed the nol.Since only you have an NOL, all of the joint NOL is your NOL. aslongas only one spouse had an NOL deduction on the previous year's joint return, all of the joint carryover is that spouse's carryover.
NOL and change in marital status 
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