This is very helpful. Thank you. Can I take the NOL's from prior years (all from the same business) and carry those forward or do I need to go back and amend the prior year tax returns in order to do that - as the carryforwards would be substantial (between $10k - $30k each year) or would you suggest just using the last three years? I don't want to create more work for myself but at the same time want to reap some of the benefit of what we went through while he had these grandiose dreams of being a successful truck driver.
