Skip to main content
Level 5
October 3, 2021
Question

checked election to waive NOL carryback - still have diagnostic messages

  • October 3, 2021
  • 1 reply
  • 10 views

Hi,  On screen 46 Elections under CARES Act NOL elections, I checked the first box "Waive carryback for current year NOL, applying section 172(b)3 under Rev. Proc 202024", but the two informational diagnostic  messages #54060 and #54061 are still showing.  Under forms, Elections, I have a General Election stating that the taxpayer hereby elects to apply IRC section 172(b) under Rev. Proc 2020-24".  

Is that all I need?

 

Thank you

 

This topic has been closed for replies.

1 reply

George4Tacks
Level 15
October 4, 2021
Most informational diagnostics do NOT go away. Just check the box, indicating you acknowledge the diagnostic.
Answers are easy. Questions are hard!