Support CenterNOL Election not to carry back
🔍 NOL Election not to carry back
SureFire will automatically assume that the Net Operating Loss (NOL) is being carried forward unless you complete the carryback information on Form 1045.
Note: Form 1045 cannot be filed electronically.
⚠️ Before You Begin
You will need to add the election statement using the Election Explanations form.
- Form 1045 cannot be filed electronically.
- You may need to attach the statement if you are mailing your client’s return.
đź“Š Step-by-Step Guide
Step 1: Add the Election Explanations form
Use this when you need to enter the election statement for not carrying back the NOL.
Click Add Form/Display List, then select the Election Explanations form.
Step 2: Enter your election statement
Use this to provide the required election language.
Go to the Election Explanations form and do one of the following:
- Press F1 for a cut-and-paste election statement, or
- Type in your own election statement.
Step 3: Attach the statement if mailing the return
Use this if you are not e-filing the client’s return.
The Election Explanations form is included in e-files, but if you are mailing your client’s return, attach the statement to the paper return.
đź“ž Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form