Corporate loss in 2018. New client to ProConnect in 2018. Client had losses in 2017 and with the new tax law change I want to carry back the 2018 loss to 2017 and file the 1139 for a quick refund. How is this done?
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a 2018 goes back 5 years first.
b The 1139 hasn't been updated yet
c Normally you mail this, but IRS announced it will accept by fax, at least during this crisis.
Do you know how to get the 2018 and 2019 information to appear on the form 1139, Corp application for refund? I have the five teat history and the form only populate the 5th, 4th and 3rd year? I am working in ProSeries professional.
Thank you,
Tom
It is too late (Star date 1/14/21) to use Form 1139 so it doesn't matter. You have to file amended tax returns now.
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