Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. Join us today for the 2-day virtual tax conference packed with vital insights to thrive in the 2024 tax season. Click here to register.
    Created with Sketch. Join us today for the 2-day virtual tax conference packed with vital insights to thrive in the 2024 tax season. Click here to register.
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    Carryback losses

    LizLissin
    Level 1
    ‎09-28-2020 03:38 PM

    Can I carry back a loss from 2019 form 4797 to 2018

    0 Cheers

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

    1 Best Answer

    Accepted Solutions
    sjrcpa
    Level 15
    ‎09-28-2020 05:38 PM

    There is a 5 year carryback for 2019 NOLs. It goes back to 2014 first.

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

    View solution in original post

    3 Comments 3
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎09-28-2020 03:42 PM

    Did it create a Net Operating Loss on the tax return?


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    LizLissin
    Level 1
    ‎09-28-2020 04:10 PM

    It is NOL in 2019

    0 Cheers
    sjrcpa
    Level 15
    ‎09-28-2020 05:38 PM

    There is a 5 year carryback for 2019 NOLs. It goes back to 2014 first.

    The more I know, the more I don't know.
    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©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.

    About Cookies | Manage Cookies
    Legal Privacy Security