No modification for nonbusiness deductions is made on a NOL as long as: A) The...
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Accounting
No modification for nonbusiness deductions is made on a NOL as long as:
A) The NOL is carried forward to a future year.
B) Real estate tax paid is the only deduction shown on the return.
C) The taxpayer uses the standard deduction.
D) Nonbusiness income plus excess nonbusiness capital gains exceed nonbusiness deductions.
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