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First question ... is this a C-corporation that started in 2018?
If not, a 2019 NOL is carried back 5 years, so it would be carried to 2014.
Second question involves your phrase "to 2018 return". You aren't actually re-filing 2018, right? You are just preparing the Form 1045 in the 2019 software, right?
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1045 is for individuals. 1139 is for corporations.
Bill is correct you have to go back 5 years first.
The more I know the more I don’t know.
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1. It is not a C-Corp
2. No I am not refiling 2018, but the instructions said to go back to 2018 return and enter the NOL in screen 15
Another issue: when I do the step in 2 above, it creates a 6251 AMT amount; there was no AMT in the original return; it seems counter-intuitive to me that this should happen?
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I don't see anything in the instructions that say I have to go back 5 years?
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You need to enter the AMT NOL, not just the regular tax NOL.
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Where do I enter that? I entered it in Screen 15 of the 2018 return and an AMT was still created. Can I send you some PDFs?
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My take on this is that you CAN go back 5 years to absorb the full NOL but you don't HAVE to. In my case, the entire NOL can be absorbed in the 2018 return.
Also, I still don't have an answer on why Lines 10 - 15 on the Form 1045 do not print. Do you you have any clue on that issue?
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@JFG wrote:My take on this is that you CAN go back 5 years to absorb the full NOL but you don't HAVE to.
No. You can't pick-and-choose when to apply it. It must be carried back 5 years.
As for your actual question, sorry, I'm a ProSeries user so I can't help you there.