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Deductions & credits
Thank you.
That's tough to take.
Lets say its December, and because I believe my following year's deductions will be comparable to AGI, I plan to not "use" the NOL CF and apply and receive APTC. What would happen if, when I do the 1040 for that "following year" (ie, in another 13-15 months from that December) I didn't apply the NOL CF on that 1040 return? Would that be acceptable?
And if I do that, what would happen in a year or two thereafter, with no APTC for the year, I do "use" the NOL CF in my 1040?
If there is a year where I think I won't want to a kick in the pants.
‎July 18, 2020
7:10 AM