Answered: "do you lose an NOL if you don't file every year? There was no requirement to file 2017 and 2018."

Ann2 · ‎12-07-2019

sjrcpa · ‎12-07-2019

No you don't lose it. If there was any income in those years, even if below filing requirement, some of the NOL may have ben used. You'll need to do the calculations to show the correct carryover. I'd keep all this in the file in case of IRS inquiry.

The more I know, the more I don't know.

View solution in original post

sjrcpa · ‎12-07-2019

No you don't lose it. If there was any income in those years, even if below filing requirement, some of the NOL may have ben used. You'll need to do the calculations to show the correct carryover. I'd keep all this in the file in case of IRS inquiry.

The more I know, the more I don't know.

"do you lose an NOL if you don't file every year? There was no requirement to file 2017 and 2018."

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.