If you didn't elect to forgo the Carryback for an individual's 2020 NOL, have you lost it going forward? It looks like there was a time limit in claiming it. Can you amend the 2020 return and make the election to forgo in 2022?
If the election was not made on the 2020 return, it must be carried back to 2015.
Can carryback be done now?
Yes.
