I've been looking into this for a few weeks now, as I'm helping a friend of mine deal with Ponzi Scam Losses confined entirely to 2023. (I'm a CPA, but Ponzi Sc...
I'm just not sure how you are getting that interpretation of an NOL going forward. The way I read this is that in order to carry anything forward as an NOL you ...
Is it still possible to carryback a Ponzi scheme loss for two years? Or only carried forward? I thought all such carrybacks except for farming had been abolishe...