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- how do I do a nol carryback from 2020 to 2018 on a 1040 client on lacerte
how do I do a nol carryback from 2020 to 2018 on a 1040 client on lacerte
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1 Comment 1
George4Tacks
Level 15
09-17-2021
07:38 PM
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NOL carryback is 5 years. You either use 1040X or 1045. You need to recreate the years of carryback and enter the NOL into them to see what the impact is.
https://proconnect.intuit.com/community/individual/help/how-do-i-generate-form-1045-application-for-... may get you started.
https://proconnect.intuit.com/community/individual/help/entering-an-nol-carryback-from-a-1045-in-pri... is what I think is the answer to your original question
Here's wishing you many Happy Returns
