please answer the question within 30 minutes. make sure the explanation and reasons are explained in very detailed manner as in why the chosen one is correct qnd why other options are incorrectelse leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and is not copied from anywhere. ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.

If an individual or corporation has an overall loss for the year, they do not have to file a return until the year they have income to utilize the loss. True or False True False