Net Operating Loss: Carryback & Carryforward as a Tax Strategy. Tax Compliance & Planning TCP CPA.

[@42luke93]

I got confused because Capital Losses are completely different. Those are carry back 3 years and forward 5 for corps. Hope this helps whoever is in my shoes. Thanks Farhat.

[@42luke93]

What about Section 382 Limits?

[@Travelmadheads]

Hi I have a question, instead of taking 80% on 60,000 should we not take 80% of 70,000?

[@nickmacaroni]

Where do you record the last years loss on the current year 1120?