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The tax law change in 2017 put limits on the % of business interest deductible and the % of income that can be offset with
The tax law change in 2017 put limits on the % of business interest deductible and the % of income that can be offset with Net Operating Loss carryovers. Only large businesses are subject to: Question 56 options: Both the 30% interest expense limit and the 80% NOL utilization limit The 30% limit on interest expense deductions The 80% limit on NOL utilization
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