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Question 11 of 15. For NOLS occurring in 2020, the amount of the NOL deduction cannot exceed 80% of adjusted gross income. 80% of taxable

Question 11 of 15. For NOLS occurring in 2020, the amount of the NOL deduction cannot exceed 80% of adjusted gross income. 80% of taxable income. There are no limitations on the deduction for 2020. NOLs are no longer allowed in 2020

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