Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- I am trying to roll back a NOL as part of the CARES Act. I have not checked the box to waive the carryback, however, it looks like the NOL is being carried forward.
I am trying to roll back a NOL as part of the CARES Act. I have not checked the box to waive the carryback, however, it looks like the NOL is being carried forward.
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
nick6
Level 1
09-04-2020
08:33 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have not checked the box to waive the carryback. I filled out form 1045 and need to make sure the carryback takes place.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
TaxGuyBill
Level 15
09-04-2020
10:10 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Is this a 2018 NOL or a 2019 NOL?
What makes it look like it is being carried forward? If there is not a statement in the tax return to "Waive the Carryback", it automatically carries back.
Are you trying to claim the NOL on the 1045 on the return you are working on? Or are you using the 1045 to calculate the NOL and are planning to amend the 2013 or 2014 tax return?
