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    CA NOL carryback election

    LSTAX
    Level 4
    ‎10-15-2021 03:40 PM

    For NOLs that arise in 2020 the default is to carryback the NOL unless you make the election to forgo the carryback. Do you need to elect to forgo the carryback for California or make any other entries?

    Thank you

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    1 Comment 1
    George4Tacks
    Level 15
    ‎10-15-2021 09:26 PM

    When all else fails, read the instructions https://www.ftb.ca.gov/forms/2020/2020-3805v-instructions.html

     


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