TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Form 1045 NOL

November 09, 2011

Today TaxMama hears from Marvin in the TaxQuips Forum who needs clarification “On Form 1045, where I can carry net operating losses back for up to five years, in what order do I do that? Do I start with the 5th yr, then the 4th yr, then 3,2,1? Or do I s