Here are IRS Form 1139 and instructions.
For a tax year beginning in 2018 or later, a net operating loss (NOL) deduction for any tax year equals the lesser of:
- The aggregate of the net operating loss carryovers to given year, plus the net operating loss carrybacks to given year; or
- 80% (or 100% for NOLs generated in tax years before 2021) of taxable income computed without regard to the allowable NOL deduction
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