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In 2021, Bad News, Inc. experienced a net operating loss (NOL). Which of the following statements is true? Multiple Choice Bad News can carrying the

In 2021, Bad News, Inc. experienced a net operating loss (NOL).

Which of the following statements is true?

Multiple Choice

  • Bad News can carrying the NOL back two years and forward twenty years to offset taxable income.

  • Bad News will not be able to use the NOL to offset past or future taxable income.

  • Bad News can carryforward the NOL indefinitely.

  • Bad News can use the NOL to offset all of its 2022 taxable income.

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