3-Year Carryback for Iowa NOLs Incurred by Individuals During the COVID-19 Pandemic

This requires any net operating loss incurred by an individual engaged in a small business or farming business in Iowa after January 20, 2020 to be carried back 3 years, unless an election was made to waive the carryback period or to use the 5-year carryback period for farmers.

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Source URL: https://tax.iowa.gov/node/4441