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Level 1
April 9, 2026

Farming NOL carryback exception - anything left in 2025?

  • April 9, 2026
  • 1 reply
  • 6 views

TP had rare profitable farm year in 2024.  NOL in 2025, but NOL from 2023 was carried forward to 2024 (waived carryback).  Has the carryback exception been eliminated entirely?

    1 reply

    Level 15
    April 9, 2026

    I'm not quite sure what your question is, but farming NOLs are still carried back 2 years, unless you waive the carryback.