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Deductions & credits
Thanks Robert. My 2017 & 2018 returns both had a NOL but my 2019 return didn't. I did not elect to carry the NOL forward on the 2018 return and the 2019 return didn't have a NOL. So does that mean I would have to amend the 2017 return to carry back the NOL? Note that I didn't start in real estate until 2017 and the 2017 NOL was carried forward to 2018.
Or would I just amend the 2019 return to carryforward the 2018 loss and amend the 2020 return to carryforward the 2019 NOL? Can that be done or have I completely lost the ability to carryforward the NOL that is on the 2018 return?
Thanks so much for the help.
‎February 28, 2022
10:08 AM