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Level 2
April 15, 2021
Question

Why is California using NOL carryover to 2020?

  • April 15, 2021
  • 1 reply
  • 7 views

Software is taking Calif NOL carryover to 2020 for this $1 million+ taxpayer.  I thought Calif NOL carryovers were suspended for 2020 - 2022.

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1 reply

George4Tacks
Level 15
April 19, 2021

Are you questioning that a NOL carryover from 2019 is being applied to 2020?

Answers are easy. Questions are hard!