Re: How do I type in a statement showing the taxpayer elects to carryforward his NOL to the next year? Or is that even necessary?

kim13

Is it necessary to have a statement showing the amount of NOL to carryforward to next year?

PhoebeRoberts

If you aren't allowed to carry an NOL back, then there's no need to elect to carry it forward.

If you have a farm loss and want to elect not to carry back, you want the checkbox at the top of Screen 46.

How do I type in a statement showing the taxpayer elects to carryforward his NOL to the next year? Or is that even necessary?