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- 2020 NOL carryback
2020 NOL carryback
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evan1
Level 2
09-02-2022
04:03 PM
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If you didn't elect to forgo the Carryback for an individual's 2020 NOL, have you lost it going forward? It looks like there was a time limit in claiming it. Can you amend the 2020 return and make the election to forgo in 2022?
3 Comments 3
TaxGuyBill
Level 15
09-02-2022
04:19 PM
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If the election was not made on the 2020 return, it must be carried back to 2015.
evan1
Level 2
09-02-2022
05:20 PM
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Can carryback be done now?
TaxGuyBill
Level 15
09-02-2022
05:40 PM
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Yes.
