NOL carryforward refund for 3 prior years in CARES ACT

[Serge S.]

Anyone paying attention noticed a pretty significant perk for RE investors. The current bonus depreciation rules mean large year 1-5 depreciation and many investors stack large NOL carryforwards. Some are advising that this carryforward can now be applied to 5 years of prior period taxes paid and refunded for those amounts AND the taxpayer would get a check for amount of the carryforward if there was no prior period liability. Sounds too good to be true that would mean a windfall for those purchasing apartments over the last 2-3 years and present.

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