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The net operating loss ( NOL ) provisions of the Internal Revenue Code were designed to do what? a . Ease tax burdens on individuals
The net operating loss NOL provisions of the Internal Revenue Code were designed to do what?
a Ease tax burdens on individuals with unexpected losses
b Allow taxpayers to carry losses forward and backward indefinitely
c Provide relief for trade or business losses
d Encourage home purchase by allowing a deduction for home mortgage interest
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