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  • 1.  nol carryback

    Bronze Most Valuable Member
    Posted 01-27-2014 10:25 AM

     

    Client had an hurricane sandy casualty loss. I amended the 2011 tax return to claim the casualty loss, which resulted in a NOL. No election was made to carryforward the nol. Therefore the nol can be carried back. The loss can be carried back 3 years.

     

    Question: Can I file an amended 2008 tax return?

     

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    Brian Friedman
    BRIAN L. FRIEDMAN, CPA PC
    Plainview NY
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