topic Have 2018 NOL. Where do I get in on-line form election current year ... for the required IRS statement for e-file inclusion my &quot;Statement to 2018 NOL Waive Carryback&quot;? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/have-2018-nol-where-do-i-get-in-on-line-form-election-current-year-for-the-required-irs-statement/01/169436#M5416 Sat, 01 Jun 2019 15:06:34 GMT mattplusevan2017 2019-06-01T15:06:34Z Have 2018 NOL. Where do I get in on-line form election current year ... for the required IRS statement for e-file inclusion my "Statement to 2018 NOL Waive Carryback"? https://ttlc.intuit.com/community/business-taxes/discussion/have-2018-nol-where-do-i-get-in-on-line-form-election-current-year-for-the-required-irs-statement/01/169436#M5416 Sat, 01 Jun 2019 15:06:34 GMT https://ttlc.intuit.com/community/business-taxes/discussion/have-2018-nol-where-do-i-get-in-on-line-form-election-current-year-for-the-required-irs-statement/01/169436#M5416 mattplusevan2017 2019-06-01T15:06:34Z This is a change in law.  You no longer are required to w... https://ttlc.intuit.com/community/business-taxes/discussion/this-is-a-change-in-law-you-no-longer-are-required-to-w/01/169439#M5417 <P><B>This is a change in law.&nbsp;&nbsp;</B>You no longer are required to waive an NOL Carryback, because NOL Carrybacks are no longer allowed at all under the Tax Cuts and Jobs Act.&nbsp; Please note the following quote from the IRS' online version of&nbsp;<B></B><A rel="nofollow" href="https://www.irs.gov/publications/p536" target="_blank">Publication 536</A>&nbsp;(click on link):<BR /></P><DIV> <DIV> <DIV> <B>What’s New</B> </DIV> </DIV> </DIV><P><A rel="nofollow" target="_blank"></A><B>NOL carryback eliminated.</B>&nbsp;<A rel="nofollow" target="_blank"></A>The Tax Cuts and Jobs Act (TCJA), section 13302, eliminated the option for most taxpayers to carry back a net operating loss (NOL). Most taxpayers can only carry NOLs arising from tax years ending after 2017 to a later year. An exception applies to certain farming losses. See section 172(b) or Pub. 225, Farmer’s Tax Guide, for more information.</P><P>Unless your NOL falls into that very limited exception, you will not need a statement to waive the carry-back, because carrybacks aren't allowed.</P><P></P> Sat, 01 Jun 2019 15:06:35 GMT https://ttlc.intuit.com/community/business-taxes/discussion/this-is-a-change-in-law-you-no-longer-are-required-to-w/01/169439#M5417 DanielV01 2019-06-01T15:06:35Z
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/" version="2.0">
<channel>
<title>
topic Have 2018 NOL. Where do I get in on-line form election current year ... for the required IRS statement for e-file inclusion my &quot;Statement to 2018 NOL Waive Carryback&quot;? in Business & farm
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/have-2018-nol-where-do-i-get-in-on-line-form-election-current-year-for-the-required-irs-statement/01/169436#M5416
</link>
<description/>
<pubDate>Sat, 01 Jun 2019 15:06:34 GMT</pubDate>
<dc:creator>mattplusevan2017</dc:creator>
<dc:date>2019-06-01T15:06:34Z</dc:date>
<item>
<title>
Have 2018 NOL. Where do I get in on-line form election current year ... for the required IRS statement for e-file inclusion my "Statement to 2018 NOL Waive Carryback"?
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/have-2018-nol-where-do-i-get-in-on-line-form-election-current-year-for-the-required-irs-statement/01/169436#M5416
</link>
<description/>
<pubDate>Sat, 01 Jun 2019 15:06:34 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/business-taxes/discussion/have-2018-nol-where-do-i-get-in-on-line-form-election-current-year-for-the-required-irs-statement/01/169436#M5416
</guid>
<dc:creator>mattplusevan2017</dc:creator>
<dc:date>2019-06-01T15:06:34Z</dc:date>
</item>
<item>
<title>
This is a change in law.  You no longer are required to w...
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/this-is-a-change-in-law-you-no-longer-are-required-to-w/01/169439#M5417
</link>
<description>
<P><B>This is a change in law.&nbsp;&nbsp;</B>You no longer are required to waive an NOL Carryback, because NOL Carrybacks are no longer allowed at all under the Tax Cuts and Jobs Act.&nbsp; Please note the following quote from the IRS' online version of&nbsp;<B></B><A rel="nofollow" href="https://www.irs.gov/publications/p536" target="_blank">Publication 536</A>&nbsp;(click on link):<BR /></P><DIV> <DIV> <DIV> <B>What’s New</B> </DIV> </DIV> </DIV><P><A rel="nofollow" target="_blank"></A><B>NOL carryback eliminated.</B>&nbsp;<A rel="nofollow" target="_blank"></A>The Tax Cuts and Jobs Act (TCJA), section 13302, eliminated the option for most taxpayers to carry back a net operating loss (NOL). Most taxpayers can only carry NOLs arising from tax years ending after 2017 to a later year. An exception applies to certain farming losses. See section 172(b) or Pub. 225, Farmer’s Tax Guide, for more information.</P><P>Unless your NOL falls into that very limited exception, you will not need a statement to waive the carry-back, because carrybacks aren't allowed.</P><P></P>
</description>
<pubDate>Sat, 01 Jun 2019 15:06:35 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/business-taxes/discussion/this-is-a-change-in-law-you-no-longer-are-required-to-w/01/169439#M5417
</guid>
<dc:creator>DanielV01</dc:creator>
<dc:date>2019-06-01T15:06:35Z</dc:date>
</item>
</channel>
</rss>