Announcement

Collapse
No announcement yet.

NOL....1045 and/or amending past return..

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    NOL....1045 and/or amending past return..

    Have a client who has $4000 of carry forward NOL generated from Sch C loss. To do a carry back, I use form 1045 but since the Fed - AGI will be reduced for which the state tax return uses in their calculations, I probably should go the route of amending the state return and use the form 1045 for the Fed opposed to amending the Fed. Am I correct?

    #2
    The 1045 is just another faster way to amend the federal return. Even though the 1040X is not used, it is still an amended federal return.

    Comment

    Working...
    X