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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 7: Deductions and Losses: Certain Business Expenses and Losses
  5. Question
    The Amount of a Business Loss Cannot Exceed the Amount
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The Amount of a Business Loss Cannot Exceed the Amount

Question 8

Question 8

True/False

The amount of a business loss cannot exceed the amount of the taxpayer's NOL for the taxable year.

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