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AW2020
Level 2
May 12, 2022
Question

May I deduct all NOL in the final year of 1120

  • May 12, 2022
  • 3 replies
  • 35 views

May I deduct all amount of NOL in the final year of 1120? Thank you very  much !

This topic has been closed for replies.

3 replies

sjrcpa
sjrcpa
Level 15
May 12, 2022

It's deductible subject to all the normal rules. Being a final return doesn't get you anything more.

The more I know the more I don’t know.
    AW2020Author
    Level 2
    May 12, 2022

    Great! Thank you very much! 

      sjrcpa
      sjrcpa
      Level 15
      May 12, 2022

      You're welcome.

      The more I know the more I don’t know.
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