Jump to content
ATX Community

NOL and TCJA


Max W

Recommended Posts

Client had a $100 NOL in 2017.  The NOL carry back was not waived.

Carrying it back to 2015 resulted in an AMT that reduce that tax by $5K. 

Carrying it forward, because of the new exemption amount of $500K,  The 2018 taxes would be reduce by over $12,000.

Is ther any remedy for this.  In other words, is there any way that the waiver for 2017 be made?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...