MT| Congress enacted the CARES Act on March 27, 2020. Among other things, the Act addresses net operating losses (NOLs) and other related provisions. As a result of these to the treatment of NOLs for tax years 2018, 2019, and 2020, the department updated the Montana NOL for Individuals, Estates, and Trusts Schedule and it is now available to recalculate the NOL for 2018 and/or 2019 to carry back to previous years. Taxpayers will also use the updated schedule to calculate their 2020 NOL.
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