Corporations Can Carry Net Operating Losses Occurring in 2019 Back

question 25

True/False

Corporations can carry net operating losses occurring in 2019 back two years and forward 20 years.

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Definitions:

Difficulty To Throw Things Away

A reluctance or inability to discard items that are no longer needed, often leading to clutter and hoarding behaviors.

Trichotillomania

A disorder characterized by a compulsive urge to pull out one’s hair, leading to noticeable hair loss and emotional distress.

OCD-Related Disorders

A category of psychiatric disorders characterized by obsessions (intrusive, unwanted thoughts) and compulsions (repetitive behaviors or mental acts) that an individual feels driven to perform.

Compulsively Pulls Hair

A behavioral condition known as trichotillomania, characterized by an irresistible urge to pull out one's own hair.