Iowa Admin. Code r. 701-302.19 - Casualty Losses

701—302.19(422) Casualty losses. Casualty losses may be treated in the same manner as net operating losses and may be carried back three years and forward seven years in the event said casualty losses exceed income in the loss year.

This rule is intended to implement Iowa Code section 422.7 .

$$Editorial change: IAC Supplement 11/2/22$$