Bill Young, a single taxpayer, reported the following information on his 2017 Form 1040:

Salary from part-time job.....................................$ 16,600

Interest on savings account.........................................400

Net loss from sole proprietorship.............................(22,100)

Alimony received..................................................3,600

AGI.............................................................$ (1,500)

Standard deduction.............................................(6,350)

Exemption..................................... ..................(4,050)

Taxable income...............................................$(11,800)

Does Bill have a net operating loss (NOL) that he can carry back or forward as a deduction in another taxable year?