Net operating loss carryback amended return

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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.

screen, mark the

Carryback related to: NOL

Carryback related to: GBC

checkbox. The

Carryback claim

box will be marked automatically.

screen in the

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.

Since the TCJA passed, NOL carryback losses have been limited for most taxpayers.