Currently, a Net Operating Loss Can Be Carried Forward Only

question 49

True/False

Currently, a net operating loss can be carried forward only and can offset no more than 80% of taxable income in a subsequent year.

---

Definitions:

Management

The process of directing and controlling a group of people or an organization in order to achieve a goal.

Secondary Market

A market where investors buy and sell securities they already own, typically through a brokerage.

Primary Market

The market where new securities are issued and bought directly from the issuing company, facilitating capital raising.

Auction Market

A marketplace where buyers and sellers enter bids and offers simultaneously; prices are determined through direct interaction of supply and demand.