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- Farming NOL carryback exception - anything left in 2025?
Farming NOL carryback exception - anything left in 2025?
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countrylawyer
Level 1
04-09-2026
01:45 PM
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TP had rare profitable farm year in 2024. NOL in 2025, but NOL from 2023 was carried forward to 2024 (waived carryback). Has the carryback exception been eliminated entirely?
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TaxGuyBill
Level 15
04-09-2026
05:54 PM
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I'm not quite sure what your question is, but farming NOLs are still carried back 2 years, unless you waive the carryback.
