2011 return

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  • JenMO
    Senior Member
    • Apr 2007
    • 974
    #1

    2011 return

    2011 return generates an NOL, can I elect to carryforward? no return has ever been filed, and no extension was filed.
    Tags: None
    • Roland Slugg
      Senior Member
      • Aug 2006
      • 1860
      #2
      No. The election to forego the carryback must be made on a timely filed return (including extensions). Code ยง172(b)(3)
      Roland Slugg
      "I do what I can."

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