Form 1120 Tax Year end 2017

[kaquil6789]

Filed Form 1120 TYE 12/2017 which had a NOL.  return was filed by due date.

Did not elect to forego the carryback period.

Can an Amended Form 1120X still be filed for TYE 12/2015 to take advantage of the NOL from 2017?

If not, can Form 1120 TYE 12/2017 be amended to elect  the Forego of NOL carryback and carryforward the NOL from 2017?  

Ken A.

[sjrcpa · Accepted solution]

Election to forego the carryback had to be made on a timely filed return.

You can still carry back the 2017 NOL to 2015. You have 3 years from the due date, including extensions, of the year of the NOL to do the carryback.

[kaquil6789]

Thank you. This was just to get a confirmation on the NOL carry forward.

[sjrcpa]

You're welcome.