Missed NOL 1120 Corporate election can you amend

[fish]

Corporation ending 6/30/21, filed 2020 tax return without checking the box to forgo carryback and carryover NOL. Can you amend the 1120 and check the box to  forgo carryback and carryover loss? 

There is a list of elections that can be amended but I cannot locate it. 

[sjrcpa · Accepted solution]

No. This election needs to be made on a timely filed return.

[fish]

thank you, looks like there is a 6 month window but that is lost as well.