Demarcus is a sole proprietor who had nonfarm net operating loss in 2020. Which of the following

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Demarcus is a sole proprietor who had nonfarm net operating loss in 2020. Which of the following is NOT an option for his loss?

a) Demarcus may waive the carryback by attaching a statement to his timely filed 2020 return.

b) He may carry the loss back to his 2015 return using Form 1040-X.

c) He may carry the loss back to his 2015 return using Form 1045.

d) He may carry the loss back to his 2015 return using Form 1139.

Related Book For answer-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Posted Date: Nov 21, 2020 08:30 PM

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Demarcus is a sole proprietor who had nonfarm net operating loss in 2020. Which of the following

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Answer the loss back to his 2015 od He may cary maycaomy return u... View the full answer

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