Question 61 of 75. A taxpayer with a farming loss may elect to waive the carryback period for a net operating loss (NOL) by: O Attaching a statement to the return for the carryforward year. Filling an amendment for the NOL year return. Filing an amendment claiming the election for the carryback year. Attaching a statement to the tax return for the loss year, filed on or before the due date, including extensions. Mark for follow up Back Save / Return Later Summary Next >>