Does Erroneous NOL Carryforward Need to Be Restated?


N

nish

If you find an erroneous NOL carryforward (understatement) on a 1040 return,
is there a requirement to refile the return, or can you simply recapture the
correct number on the next year's return?

nish
 
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R

removeps-groups

If you find an erroneous NOL carryforward (understatement) on a 1040 return,
is there a requirement to refile the return, or can you simply recapture the
correct number on the next year's return?
You required to take the entire NOL, so an amended return is in
order. Quote from the law is in my other post about a week ago.
 

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