I just amended a 2019 Form 1040 which created an NOL. Can I still carry that NOL back to 2014 under the CARES Act? The 2014 income tax return was extended until October 15, 2015.
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Yes you can. The point of reference is the 2019 NOL not the 2014 carryback year.
But don't I have to get this postmarked by October 15? Two days?
But only 2 more days to get it postmarked?
No. 3 years from the due date, or extended due date if applicable, of the 2019 return.
The SOL for 2019 returns that were due 4/15/20 expires on 4/15/23. Same date applies to carrybacks from 2019.
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Thanks so much for the response. I appreciate it.
