George4Tacks
Level 15

If there was no election to WAIVE the carryback period, the client must do the carryback (using 1040X now) for ALL of the carryback years. Just as IRS said, you will need 1040X for 2014, 2015, 2016, 2017, 2018 and then if any NOL is leftover it will apply to 2020.


Here's wishing you many Happy Returns
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