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A loss incurred by a corporation Must be carried forward unless the company has had 2 loss years in a row. Can be carried back

A loss incurred by a corporation

Must be carried forward unless the company has had 2 loss years in a row.

Can be carried back 5 years and forward 3 years.

Can be carried back 3 years or forward 10 years, whichever is more advantageous to the firm.

Can be carried back 2 years, then carried forward up to 20 years following the loss.

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