IRS Allows Wide Use Of Net Operating Losses, Even Tax Refunds

For tax years starting after December 31, 2017 and before January 1, 2021—that’s 3 calendar years of losses that you incurred in 2018, 2019, or 2020—the new law allows you to carryback 100% of these NOLs to the prior five tax years. Via Forbes - Real Estate https://ift.tt/RB3zJO