A nonresident taxpayer with a net operating loss (NOL) in California is limited by what factor in being able to calculate and utilize this loss on his or her return?

Select one:

a. Limited by the amount of loss from all sources, no matter where derived.

b. Limited by the amount of loss from all sources, multipled by an aggregate pro rate apportionment between state and non-state sources over the previous three years.

c. Limited by the amount of income and loss items sourced from California only.

d. None of the above.