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Loss carry overs should always be used to reduce Taxable Income to nil. True False Question 13 (1 point) Hobby farmers with no reasonable expectation

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Loss carry overs should always be used to reduce Taxable Income to nil. True False Question 13 (1 point) Hobby farmers with no reasonable expectation of profit carryforward their farm losses, but they can only be applied to the extent of future farm income. True False

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