Hello all,
I have a new C corp client, very small but that's the entity they want. They formed in 2019 and had a loss. Same tax firm prepared 2019 and 2020 but they did not use the NOL in 2020.
Can I use it on the 2021 return? Or does the 2020 need to be amended.
Any pointers and suggestions are appreciated.
I have a new C corp client, very small but that's the entity they want. They formed in 2019 and had a loss. Same tax firm prepared 2019 and 2020 but they did not use the NOL in 2020.
Can I use it on the 2021 return? Or does the 2020 need to be amended.
Any pointers and suggestions are appreciated.
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