On Sep 9, 5:45 am, "nish" <ni...[at]nunya.org> wrote:

- quote -

You required to take the entire NOL, so an amended return is in
order. Quote from the law is in my other post about a week ago.

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If you find an erroneous NOL carryforward (understatement) on a 1040 return,
is there a requirement to refile the return, or can you simply recapture the
correct number on the next year's return?

nish

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >