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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Payroll Accounting 20
Authors: Bernard J. Bieg, Judith A. Toland
26th Edition
1337268798, 9781337268790
