Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

checked election to waive NOL carryback - still have diagnostic messages

LSTAX
Level 4

Hi,  On screen 46 Elections under CARES Act NOL elections, I checked the first box "Waive carryback for current year NOL, applying section 172(b)3 under Rev. Proc 202024", but the two informational diagnostic  messages #54060 and #54061 are still showing.  Under forms, Elections, I have a General Election stating that the taxpayer hereby elects to apply IRC section 172(b) under Rev. Proc 2020-24".  

Is that all I need?

 

Thank you

 

0 Cheers
1 Comment 1
George4Tacks
Level 15
Most informational diagnostics do NOT go away. Just check the box, indicating you acknowledge the diagnostic.

Here's wishing you many Happy Returns