9 Question 59 of 75. Once a tax preparer has determined that the taxpayer has a net operating loss (NOL) from a farming business, what is the next step for claiming an NOL? O Carry over the unused NOL to the next carryback or carryforward year. O Deduct the NOL in the carryback or carryforward year. O Determine the amount of the taxpayer's unused NOL O Either carry the NOL back or waive the carryback period and carry forward the NOL Mark for follow up Question 60 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. Attaching a statement to the tax return for the loss year, filed on or before the due date, including extensions. O Filing an amendment claiming the election for the carryback year. O Filing an amendment for the NOL year return. Mark for follow up