Credit carry back on Form 1045
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If a 2008 NOL is carried back to 2006 and it releases a general business credit, can I carry it back to 2005 on the 1045? Is the due date for 2005 on 12/31/07 or 12/31/09? Instructions on 1045 and 3800 appears conflicting.
Per the instructions on Form 1045, it states that we can carry back the released credit 1 year. Does this mean that we can carry it back 1 year to 2005 on the form 1045?
Per the instructions on Form 3800, the due date is by the end of the year following the tax year in which the credit arose. Does this mean that it arose in 2006 due to the NOL carry back and therefore the deadline is 12/31/07?
Is the 1 year credit carryback mandatory or can we decide to just carry forward and not carry it back?
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