Bill Young, a single taxpayer, reported the following information on his 2016 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 .................................................(6,300)
Exemption ................................................................(4,050)
Taxable income ...................................................$(11,850)

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