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Section 172(b)(3) Election under Rev Proc 2020-24

Kimmyjack
Level 3

I need to make an election for 2018 to forego the carryback.  From my research, this can be done in 2020.  I also have to make an election in 2020 to forego the carryback.  I see the election for 2020 in the elections summary screen, but nothing for the 2018 election and it only allows the election for one year.  Any suggestions?

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TaxGuyBill
Level 14

ProSeries dropped the ball on that. You will need to manually fill out an election with the proper information (and attach it as a PDF).

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2 Replies 2
TaxGuyBill
Level 14

ProSeries dropped the ball on that. You will need to manually fill out an election with the proper information (and attach it as a PDF).

View solution in original post

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Kimmyjack
Level 3

That was the only way I could think of to make it work.  Thanks for confirming.

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