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08 NOL carry forward skipped in 09

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    #1

    08 NOL carry forward skipped in 09

    Client had an NOL in 08 as a self employed landscaper. In 09 TP did not have landscaping business and received only W-2 income and decided to DIY his 09 tax return w/o using any of his 08 carry forward NOL. Now in 10, reinstated landscaping business and NOL carried over within my ProSeries tax software. While I will see his DIY 09 tax return in the next couple days, I am guessing the TP has the option to amend his 09 if it would help his overall tax. Am I correct?
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    #2
    Yes, depending on his total income in 2009 it might be advisable to amend 2009. If you are just looking at the correct calculation for the carry over to 2010, I don't think you need to amend.

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