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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 7: Deductions and Losses: Certain Business Expenses and Losses
  5. Question
    A Net Operating Loss Occurring in 2018 Can Only Be
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A Net Operating Loss Occurring in 2018 Can Only Be

Question 63

Question 63

True/False

A net operating loss occurring in 2018 can only be carried forward and can offset no more than 80% of taxable income in a subsequent year.

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