@Jeff1117 The provisions for NOLs are covered in U.S. Code Section 172(b)(2). Please see this website for more details on all of the NOL provisions: https://www.law.cornell.edu/uscode/text/26/172.
Note: The CARES Act has further redefined NOL carry-backs. Whereas NOL carrybacks were discontinued for tax years beginning after December 31, 2017 by the TCJA of 2018, the CARES Act re-opened the provision, allowing a 2018 NOL to be carried back all the way to 2013. This Forbes article discusses this in greater detail: https://www.forbes.com/sites/anthonynitti/2020/04/13/reversed-elections-amended-returns-and-nol-carr...
Please note: This is tax advice and not legal advice. For legal advice, you would need to consult an attorney.
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