While calculating NOL carryforward from 2017, I found that my 2017 rental loss was higher than I reported. Do I need to file an amendment, or is an explanation enough?
01578
1 Best answer
MichaelL1
Level 15
Jun 4, 2019 7:37:03 PM
You cannot increase a NOL with an explanation.
You would have to Amend the 2017 to make the tax changes and then you can increase the NOL.
1 Replies
MichaelL1
Level 15
Jun 4, 2019 7:37:03 PM
You cannot increase a NOL with an explanation.
You would have to Amend the 2017 to make the tax changes and then you can increase the NOL.