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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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    When carrying back an individual NOL from 2019, how to eliminate the NOL statement showing the NOL as a carry forward to 2020?

    whiteyr
    Level 1
    ‎12-15-2021 05:21 PM
     
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    Accountant-Man
    Level 13
    ‎12-15-2021 08:31 PM

    You can't. 

    ** I'm still a champion... of the world! Even without The Lounge.

    View solution in original post

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    3 Comments 3
    George4Tacks
    Level 15
    ‎12-15-2021 06:13 PM

    I believe you will find a check mark to REMOVE in Screen 46 CARES Act NOL Elections

    https://proconnect.intuit.com/community/individual/help/electing-to-forgo-an-nol-carryback-for-an-in...


    Answers are easy. Questions are hard!
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    whiteyr
    Level 1
    ‎12-15-2021 06:50 PM

    Please read my question.  I am not trying to waive the carryback period. 

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    Accountant-Man
    Level 13
    ‎12-15-2021 08:31 PM

    You can't. 

    ** I'm still a champion... of the world! Even without The Lounge.
    0 Cheers
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