NOL Carryovers from C Years Can Be Used in an S

question 6

True/False

NOL carryovers from C years can be used in an S corporation year against ordinary income.

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Definitions:

Performance Deficiency

A situation where an individual's work performance falls below the required standard or expectation.

Actual Performance

Refers to the real, observed output, results, or accomplishments of an individual or organization, as opposed to expected or theoretical performance.

Input Standards

Benchmark or criteria used to measure the quality, quantity, or performance of inputs used in a process.

Performance Results

The outcomes or outputs of an organization or individual's activities, measured against intended goals or standards.