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Is 172 (b)(3) election required to waive carryback of individual return non-farm nol for 2018 or is it automatic?

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client has nol from land rent on schedule e. program help says 172(b)(3) election is only for certain farm losses and insurance companies. so to waive the carryback period does this election still need to be attached?

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Level 15

There is no longer an NOL carryback so there is nothing to waive.


ex-AllStar

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Level 15

There is no longer an NOL carryback so there is nothing to waive.


ex-AllStar

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Level 10
Can we wave goodbye to carrybacks?
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Level 15
:wave::wave:

ex-AllStar
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