MaxQED
Returning Member

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.