If a Taxpayer Has a Net Operating Loss (NOL) in 2017

question 46

Multiple Choice

If a taxpayer has a net operating loss (NOL) in 2017 of $20,000, of which $8,000 is attributable to a theft of rental use property, the taxpayer may:

• A)Carry all of the NOL of $20,000 back 5 years.
• B)Carry all of the NOL of $20,000 back 3 years.
• C)Carry $8,000 of the NOL back 3 years and the remainder of the NOL of $12,000 back 2 years.
• D)All of the above.
• E)None of the above.

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Definitions:

Fastest

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PCIe

Peripheral Component Interconnect Express, a high-speed serial computer expansion bus standard used to attach hardware devices to a computer.

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Techniques or systems used to remove or dissipate heat from machinery, electronic devices, or buildings, like air cooling or liquid cooling.

Geo-Thermal

A form of energy obtained from the heat stored beneath the Earth's surface.