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Level 2
September 17, 2021
Question

how do I do a nol carryback from 2020 to 2018 on a 1040 client on lacerte

  • September 17, 2021
  • 1 reply
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    1 reply

    George4Tacks
    Level 15
    September 18, 2021

    NOL carryback is 5 years. You either use 1040X or 1045. You need to recreate the years of carryback and enter the NOL into them to see what the impact is. 

    https://proconnect.intuit.com/community/individual/help/how-do-i-generate-form-1045-application-for-tentative-refund/00/4377 may get you started. 

    https://proconnect.intuit.com/community/individual/help/entering-an-nol-carryback-from-a-1045-in-prior-years/00/3871 is what I think is the answer to your original question

     

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