Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

how do you input on form 1045 nol for 2018,2019,2020

Papillon
Level 1

I always made my NOL go forward but now taxpayers could go back and get a refund from a tax liability year 2017.can I make all 2018nol,2019nol,2020nol go to 2017 tqax year to get the benefit because no tax liability in the other years

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Comment 1
sjrcpa
Level 15

1. It's a 5 year carryback. 

2. 1045 can only be used for the 2020 NOL. It must be filed by 12/31/2021. For 2018 and 2019 NOLs you need to file 1040X for each carryback year.

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