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?
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?
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.
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?
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.
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