Does Erroneous NOL Carryforward Need to Be Restated?

Sep 09, 2008 1 Replies
N

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

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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