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Level 3
June 10, 2020
Question

I am trying to carryback a 2019 NOL to 2018 return. How do I get lines 10 - 15 to print on the 2019 form 1045?

  • June 10, 2020
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1 reply

Level 15
June 10, 2020

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?

sjrcpa
Level 15
June 10, 2020

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.
JFGAuthor
Level 3
June 10, 2020

I don't see anything in the instructions that say I have to go back 5 years?