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- Carryback claims on a 1040X
Carryback claims on a 1040X
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Guanabacoa
Level 1
08-03-2023
04:46 PM
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I have a 2020 Individual Income tax Return with an NOL. The year 2019 had Taxable Income, but the year 2018 did not. Taxpayer was given a proper 1045, but mailed it late and lost the privilege of being able to use it.
Now, our only option is a 1040X. My question is do we have to file a 1040X for 2018proper years to file, Federal Forms, 2019, and 2020 or just for the year 2020 that would include the other 2 years or is this a special year and we must go back 5 years using a 1040X.
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TaxGuyBill
Level 15
08-06-2023
08:27 PM
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A NOL in 2020 is carried back FIVE years. So you file a 1040X for 2015.
