70.2K
Verified Solution
Link Copied!
A taxpayer with a farming loss maybe elect to waive the carryback period for a net operating loss (NOL) by:
a Attaching a statement to the reuturn for the carryforward year.
b Filing an amendment for the NOL year return.
c Filing an amendment claiming the election for the carryback year.
d Attaching a statement to the tax return for the loss year, filed on or before the due date, including extensions.
Answer & Explanation
Solved by verified expert
