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Karen has a net operating loss in 2019. What is the earliest year to which Karen can carryback or carry forward the net operating loss?
British Petroleum
A global oil and gas company headquartered in the United Kingdom, known as BP, one of the world's seven oil and gas "supermajors".
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life, reflecting its decrease in value over time.
Taxable Gain
The profit that is subject to taxation, realized from the sale of an asset or investment.
Deductible Loss
A financial loss that can be subtracted from income for tax purposes, reducing the taxable income.
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