Which of the Following Cannot Create a Net Operating Loss

question 17

Multiple Choice

Which of the following cannot create a net operating loss that can be carried back or forward?

• A)A loss from operating a sole proprietorship
• B)A casualty or theft loss to personal-use property
• C)A loss attributable to an interest in a partnership
• D)A loss attributable to an interest in an S corporation
• E)All of the situations above can create an NOL

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Definitions:

Freedmen

Individuals who have been released from slavery or bondage, often used in the context of the emancipated slaves in the United States after the Civil War.

Congressional Elections

The process by which members of the United States Congress, including both the House of Representatives and the Senate, are elected by the voters in their respective constituencies.

Republican Congressional

Pertaining to a period or context in which the Republican Party holds significant power or influence in the United States Congress.

Andrew Johnson

The 17th President of the United States, serving from 1865 to 1869, known for his efforts to restore the southern states after the Civil War and his subsequent impeachment.