Do States Allow NOL Carrybacks?
New rules for NOL carrybacks. Taxpayers can carry back NOLs, including non-farm NOLs, arising from tax years beginning in 2018, 2019, and 2020 for 5 years. Does Florida allow NOL carryback? Florida law does not permit NOL carrybacks to prior tax years. … The TCJA also limited to 80% theRead More →