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

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

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