Can an individual carryback a loss?

Yes, an individual can carry back a loss, but it depends on the type of loss and the tax laws in effect for that year. For instance, under the Tax Cuts and Jobs Act, net operating losses (NOLs) arising in tax years after 2017 can be carried forward but not back, while losses from prior years may still allow carrybacks under certain conditions. It's essential to check the specific tax regulations and guidelines applicable to the year in question. Consulting a tax professional can provide clarity on individual circumstances.