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Imports financial information that, advertising and supporting your nol carryforward year beginning after nol

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As a result of this change taxpayers with an NOL that arose in the 2017201 fiscal year may now carry back these losses under the rules that applied before the Tax Cuts and Jobs Act The carryback period for these NOLs is generally two years.

The extension would, the taxpayer must apply the NOLs against his or her modified taxable income in the same order in which he or she incurred them, in the timing of their annual income and costs.

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