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Corporation Loss-Carry forward-back?

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    #1

    Corporation Loss-Carry forward-back?

    If a corporation has a loss for the year, must we carry it back? I have forgotten the rules on this. Need to request this? Help anyone?
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    #2
    A corporation may elect to forego the carryback and carry a loss forward only. A separate election is no longer required, as F-1120 now has a checkbox for this right on the return form itself.
    Roland Slugg
    "I do what I can."

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