A Taxpayer Has Generated a Net Operating Loss in the Current

Multiple Choice

A taxpayer has generated a net operating loss in the current year and is weighing whether to carry back the NOL or elect to carry forward the NOL.The factors to consider in making this decision include all of the following except

A) marginal tax rates in the relevant years.
B) tax credits available in the carryback years.
C) time value of money.
D) refundable tax credits expected in future years.