At the risk of once again sounding like a shill for the IRS, I will point out that our public servants have made it perfectly clear to us what they need. "Deducting a Carryforward... You must attach a statement that shows all the important facts about the NOL. Your statement should include a computation showing how you figured the NOL deduction. If you deduct more than one NOL in the same year, your statement must cover each of them."
In my opinion, that is excellent communication. I don't think it's stupid for them to expect professionals to read and follow simple instructions.
In case someone has any confirmed guidance on this, i wanted to clarify that i have the statement that shows all the important facts about the NOL and the computation as you so kindly point out they are asking for above, and i am still getting the error diagnostic wanting further an explanation statement specifically for the electronic file.. Has anyone found out what to do here with any certainty??
NOL Explanation Statement
in General Chat
Posted
In case someone has any confirmed guidance on this, i wanted to clarify that i have the statement that shows all the important facts about the NOL and the computation as you so kindly point out they are asking for above, and i am still getting the error diagnostic wanting further an explanation statement specifically for the electronic file.. Has anyone found out what to do here with any certainty??