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    Federal Taxation
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    Exam 11: S Corporations
  5. Question
    Can Loss or Credit Carryforwards from a Previous C Corporation
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Can Loss or Credit Carryforwards from a Previous C Corporation

Question 55

Question 55

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Can loss or credit carryforwards from a previous C corporation tax year help reduce the built-in gains tax?

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Yes. Both NOL and capital loss carryforw...

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