If a Company Chooses to Carryback a Net Operating Loss

question 117

Multiple Choice

If a company chooses to carryback a net operating loss (NOL) , but is not able to fully offset the loss, they will ________.

• A) forgo the carryback option and carryforward the entire NOL
• B) forfeit the unused amount
• C) carry forward the remaining balance
• D) both A & C are viable options

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