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Business & farm
Under tax revision of Mar 2020, you can elect to carry forward the leftover NOL form 2019 even though the carryforward election was not done on the 2019 return. You can input the NOL carry forward, but you still need to attach the election to the 2020 return for 2019. I can not find anywhere in TT where they can handle the election in the 2020 return. I spoke with a TT rep and they indicated that TT could not handle this situation.
March 23, 2021
10:00 AM