Carol7
Level 1
‎02-02-2021 01:46 PM

Corporate return - NOL not carried back for 5 years and only carried forward for 2019 return.  We made the election not to carry back the NOL.  

Should we still press the button on "Apply the Coronavirus Aid, Relief, and Economic Security (CARES) Act provisions?

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sjrcpa
Level 15
‎02-02-2021 03:39 PM

I would. NOL provisions are not the only change.


The more I know the more I don’t know.
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Carol7
Level 1
‎02-03-2021 10:32 AM

Thank you.  That is what I thought.

Carol

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