Carryback Corporate Loss form1139

[mwilli]

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?

[sjrcpa]

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.

[Caulfie]

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

[sjrcpa]

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.