tangyue
Returning Member

Business & farm

I understand I need to elect to carry forward.

 

My real question is, for example:

had 2022 NOL, elected to carry forward

will have loss in 2023, without deducting 2022 NOL. 

Must I still deduct 2022 NOL in my 2023 income? OR I can carry 2022 NOL in its original amount to 2024? 

 

Thank you!