Question
Because of the CARES Act, excess net operating loss (NOL) from the 2020 tax year may be ________. a) Claimed only on the 2020 return.
Because of the CARES Act, excess net operating loss (NOL) from the 2020 tax year may be ________.
a) Claimed only on the 2020 return.
b) Carried forward only for 20 years.
c) Carried back 5 years.
d) Carried back 10 years.
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
