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    • Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
    Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
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    Carryback losses

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

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

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    1 Best Answer

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    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.
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