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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 7: Deductions and Losses: Certain Business Expenses and Losses
  5. Question
    A Taxpayer Can Carry Back Any NOL Incurred for Two
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A Taxpayer Can Carry Back Any NOL Incurred for Two

Question 40

Question 40

True/False

A taxpayer can carry back any NOL incurred for two years and then forward up to 20 years.

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