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Level 2
posted Aug 26, 2019 2:10:48 PM

Filing an 1045 for NOLs

Is there a time limit for filing a 1045 to claim NOLs?  I filed some returns with negative AGI and Taxable income, but they were filed very late, past the due date with automatic extension.

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1 Replies
Level 15
Aug 26, 2019 2:34:53 PM

You must file Form 1045 within 1 year after the end of the year in which an NOL, unused credit, net section 1256 contracts loss, or claim of right adjustment arose.

 

See https://www.irs.gov/instructions/i1045#idm140680692021760