WITAXLADY Posted October 12, 2022 Report Posted October 12, 2022 on the top of the NOL worksheet it says check if you are foregoing carrying the NOL back? Is there an option anymore - except for farming? I have an NOL and it will not be much use forward but definitely would going back?? thank you, Darlene in the color tour season! Quote
jklcpa Posted October 13, 2022 Report Posted October 13, 2022 The check box is there only for farming losses that still allow carryback. Starting with NOLs arising in 2021, any NOL that is non-farming must be carried forward. 1 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.