in the case of a net operating loss that is carried forward by a person...
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Accounting
in the case of a net operating loss that is carried forward by a person who is not a trader of financial instruments or commodities:
1- at least 50% of the loss must be allocated to net investment income.
2- Generally, none of the loss can be allocated to net investment income in the carryforward years.
3- The loss must be allocated among category 1,2, and 3 and other income.
4- The loss must be allocated between the investment income and other income.
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