C Corporation - Loss Carryforward?

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  • zeros
    Senior Member
    • Dec 2006
    • 921
    #1

    C Corporation - Loss Carryforward?

    Other than indicating on the form 1120, that I want to carry a loss forward and not back , is there anything else that I need to do? I had heard that I need to send a letter also but not sure of this.
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    • Maribeth
      Senior Member
      • Oct 2006
      • 425
      #2
      Originally posted by zeros
      Other than indicating on the form 1120, that I want to carry a loss forward and not back , is there anything else that I need to do? I had heard that I need to send a letter also but not sure of this.
      As long as the return is timely filed, the election is made on the return. No separate letter is required. Check the box on Page 4, Line 11.

      Maribeth

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