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Deductions & credits
@tonybeo The election to carry your losses forward instead of back must be made by the due date of the return. If you did not elect to carry it forward when you filed your 2018 return then you have to carry it back and amend your 2017 return to include the loss. If 2017 already had a NOL then adding your 2018 NOL to it will almost certainly do nothing but create a bigger NOL. And if that is the case then I'm afraid that the loss generated in 2018 is gone for good.
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March 2, 2022
2:34 PM
1,581 Views