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January 27, 2020
Question

Why do I have to fill out a 500-NOL form and what happens if I do not?

  • January 27, 2020
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January 28, 2020


The 500-NOL is for a net operating loss carry-back adjustment by an individual or fiduciary that desires a refund of taxes afforded by carry-back of a net operating loss. If you do not file it, you cannot use your NOL.