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If a taxpayer has no tax activity for the 2016 tax year but

has a NOL carryover from...
If a taxpayer has no tax activity for the 2016 tax year but has a NOL carryover from 2015, do they need to file a 2016 tax return to continue the trail of the NOL?Thanks,
JW
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Answered in 5 minutes by:
10/2/2017
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 30,328
Experience: Taxes, Immigration, Labor Relations
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The taxpayer is NOT required to file 2016 tax return just because there was a NOL carried forward from the previous year.

While that might be helpful for tracking purposes - still not required.

However - when NOL will be used for instance for 2017 tax year - the taxpayer will need to provide a portion of NOL applied to 2016 tax year regardless if that tax return was not filed.

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Customer reply replied 2 months ago
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