The loss is carry forward to get the tax deduction. To realize the benefits of...
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Accounting
The loss is carry forward to get the tax deduction. To realize the benefits of carryforwards, a company must have future taxable income in the carryforward period in order to claim the NOL deductions. Besides the fact that carry forwards can be claimed up to 20 years in the future. What are some other reasons a company might not use the carry back option and use the carry forward option instead?
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