Are we able to amend a prior year 1120 (2014 or later) due to NOL in 2019 or 2020 Proseries and submit for e-file or is it only amended returns for that tax year?
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You should be able to efile amended returns for 2018, 2019 and 2020. Not earlier years.
For a 2020 NOL carryback, use the 1139. It's easier. But you need to do the 2019 carryback amended returns first.
You should be able to efile amended returns for 2018, 2019 and 2020. Not earlier years.
For a 2020 NOL carryback, use the 1139. It's easier. But you need to do the 2019 carryback amended returns first.
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