Nol Carryover Rules 2025 Turbotax. Generally, if you have an nol for a tax year ending in 2020, you may carry back the entire amount of the nol to 5 years before the nol year (carryback period), and carry forward any remaining nol indefinitely (the. Specifically, tcja changed the nol rules by:
Understand the nol formula, deduction calculation, and how recent changes to carryback and carryforward rules impact corporate tax planning strategies. I have a nol carryover (individual) that i need to enter on line 8a of schedule 1.
