@Critter-3 wrote:
Doesn't that mean that refunds on returns that old cannot be received due to the limitations and not that they cannot carry the NOL back at all?
That is the way I read that section of the Code; a return can be amended, at any time, to claim an NOL (carryback of course since no timely election to carryforward was made) but any refund due will potentially be barred by the applicable limitations period.
I believe this issue has been raised on this board in the past.
