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Level 2
February 2, 2021
Question

2019 Corporate NOL Carryforward

  • February 2, 2021
  • 1 reply
  • 3 views

Corporate return - NOL not carried back for 5 years and only carried forward for 2019 return.  We made the election not to carry back the NOL.  

Should we still press the button on "Apply the Coronavirus Aid, Relief, and Economic Security (CARES) Act provisions?

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1 reply

sjrcpa
Level 15
February 2, 2021

I would. NOL provisions are not the only change.

The more I know the more I don’t know.
Carol7Author
Level 2
February 3, 2021

Thank you.  That is what I thought.

Carol