Which of the following is correct regarding the net operating loss (NOL) deduction for 2024: a.the...
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Which of the following is correct regarding the net operating loss NOL deduction for :athe NOL deduction for a tax year is unlimitedbthe NOL deduction is limited to the aggregate of NOL carryovers to the tax year, plus NOL carrybacks to the tax yearcthe NOL is limited to percent of taxable income computed for the tax year without regard to the NOL deduction allowed for the tax yeardthe NOL deduction is limited to the lesser of B and C above
Which of the following is correct regarding the net operating loss NOL deduction for :athe NOL deduction for a tax year is unlimitedbthe NOL deduction is limited to the aggregate of NOL carryovers to the tax year, plus NOL carrybacks to the tax yearcthe NOL is limited to percent of taxable income computed for the tax year without regard to the NOL deduction allowed for the tax yeardthe NOL deduction is limited to the lesser of B and C above
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