Net Operating Loss - Pick and Choose?

[rfk]

Hello all,

I am wondering if election to go forward was taken, could NOL's be picked as needed rather that using in any first year there is psoitive money on the 1040? So, does a taxpayer have to use an NOL in a year not wanted.

Thanks for your assistance.

rfk

[okie1tax]

NOL pick and choose

Absolutely NO!