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Corporate loss carry forward works as follows: Question 12 options: A.) companies can reduce taxes in only one profitable year if there was loss of
Corporate loss carry forward works as follows:
Question 12 options:
| A.) companies can reduce taxes in only one profitable year if there was loss of equal or greater value in the prior year. |
| B.) allows taxpayers to not pay taxes for up to 20 years as long as the cumulative future income up to the amounts of losses recorded. |
| C.) loss carry forwards are limited to real estate firms |
| D.) loss carry forwards applies one year's losses to reduce future years' income by 50% |
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