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Highland co. Ohio | First time with a Net operating loss, it’s due to high depreciation amounts.
I don’t want to carryback any of the loss, the instructions for IRS form 1045 say:
Waving the carryback period.
You can choose not to carry back your NOL. If you make this choice, then you can carry your NOL forward indefinitely until the NOL is fully absorbed. To make this choice, attach a statement to your original return filed by the due date for the NOL year. This statement must show that you are choosing to waive the carryback period under section 172(b)(3).
I am looking for an example of what the statement should say.
Thanks | |
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Taxes, NOL waiving the carryback statement?
