Tax Prep by Deb Posted April 2, 2009 Report Posted April 2, 2009 I have a client who has a large NOL. Looking back over his last 5 years, (he also had a NOL last year and we carried it back two years and still have some left) it looks like our best option is going forward. When I did his 2007 return I prepared and sent the form 1045 and he received his refund. This year because we are going forward, do I need to prepare the 1045 or just fill in the NOL worksheet within the ATX program? I have already included the election statement in the return with the carry forward provision checked. I'm just not sure if I need to do anything with the 1045 or should I just delete it from the return? Any help will be greatly appreciated! Deb! Quote
Tax Prep by Deb Posted April 2, 2009 Author Report Posted April 2, 2009 just election Thats what I though, I just needed a second opinion. Thanks for your quick response, now I can finish this one up! Deb! Quote
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