Skip to main content
Level 5
October 15, 2021
Question

CA NOL carryback election

  • October 15, 2021
  • 1 reply
  • 3 views

For NOLs that arise in 2020 the default is to carryback the NOL unless you make the election to forgo the carryback. Do you need to elect to forgo the carryback for California or make any other entries?

Thank you

This topic has been closed for replies.

1 reply

George4Tacks
Level 15
October 16, 2021

When all else fails, read the instructions https://www.ftb.ca.gov/forms/2020/2020-3805v-instructions.html

 

Answers are easy. Questions are hard!