TD 8096 - Product Liability Losses and Accumulations for Product Liability Losses

Generally, a taxpayer who sustains a product liability loss must carry the loss back 10 years. However, a taxpayer may elect to have such loss treated as a regular net operating loss under section 172. If desired, such election is made by attaching a statement to the tax return. This statement will enable the IRS to monitor compliance with the statutory requirements.

The latest form for TD 8096 - Product Liability Losses and Accumulations for Product Liability Losses expires 2027-09-30 and can be found here.