Karen has a net operating loss in 2016. If she does not make any special elections, what is the first year to which Karen can carry the net operating loss?

Name: Karen has a net operating loss in 2016. If she does not make any special elections, what is the first year to which Karen can carry the net operating loss?
Brand: Quizplus
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Question

Karen has a net operating loss in 2016. If she does not make any special elections, what is the first year to which Karen can carry the net operating loss? ​

Quizplus · Accepted Answer

The net operating loss can be carried back 2 years and forward 20 years. Since 2016 is the current year, the first year to which the net operating loss can be carried is 2014.

Karen Has a Net Operating Loss in 2016