countrylawyer
Level 1

TP had rare profitable farm year in 2024.  NOL in 2025, but NOL from 2023 was carried forward to 2024 (waived carryback).  Has the carryback exception been eliminated entirely?

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TaxGuyBill
Level 15

I'm not quite sure what your question is, but farming NOLs are still carried back 2 years, unless you waive the carryback.