A taxpayer with a farming loss maybe elect to waive the carryback period for a...
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Accounting
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.
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