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    #1

    2011 return

    2011 return generates an NOL, can I elect to carryforward? no return has ever been filed, and no extension was filed.
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    #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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