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Which of the following statements is correct? Multiple Choice Corporate net operating losses are not permitted. A 2 0 1 7 net operating loss can
Which of the following statements is correct?
Multiple Choice
Corporate net operating losses are not permitted.
A net operating loss can be carried back two years and forward years.
A corporation can elect to carry a net operating loss back years.
A corporation can elect to carry a net operating loss back two years and forward indefinitely.
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