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C Corporation - Loss Carryforward?

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    #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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    #2
    Originally posted by zeros View Post
    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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