For taxable years beginning after December 31, 2017 (Tax returns filed on 2018, 2019 and 2020 forms), the net operating loss rules are changed.  1.            The 80% usage limitation going forward is waived 2.            The prohibition on loss carry backs has been replaced with a 5 year carryback.  So losses which were identified on the … Continue reading Net Operating Losses for 2018, 2019 and 2020 Rules Modified