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The net operating loss ( NOL ) provisions of the Internal Revenue Code were designed to do what? Ease tax burdens on individuals with unexpected

The net operating loss

(

NOL

)

provisions of the Internal Revenue Code were designed to do what?

Ease tax burdens on individuals with unexpected losses

Allow taxpayers to carry losses forward and backward indefinitely

Provide relief for trade or business losses

Encourage home purchase by allowing a deduction for home mortgage interest

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