MarilynG1
Expert Alumni

Investors & landlords

Yes, in 2017 the Tax Cuts & Jobs Act disallowed carryback of NOL's. You are correct that originally it could be carried back five years.  The 2017 TCJA also limited NOL deductions to 80% of taxable income.

 

Here's detailed info on NOL's from IRS Pub. 536.

 

@macpham 

 

 

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