File form 1040X amended return for a net operating loss (NOL) carryback
Do the following to use Form 1040X to carryback a net operating loss (NOL):
- Complete the amended return.
- On theAmendscreen, mark theCarryback related to: NOLorCarryback related to: GBCcheckbox. TheCarryback claimbox will be marked automatically.
- Go to theNOLCOscreen in the1045 & NOLfolder.
- Fill out the NOL carryback section.
"Carryback Claim" will show up on the top of Form 1040-X. For more information about using Form 1040-X for a refund on NOL carrybacks, refer to the Form 1040-X instructions.
note
Since the TCJA passed, NOL carryback losses have been limited for most taxpayers.
