Corporations May Carry a Net Operating Loss Sustained in 2020

question 59

True/False

Corporations may carry a net operating loss sustained in 2020 forward 20 years but it cannot carry it back.

---

Definitions:

Major Depressive Disorder

A mood disorder identified by a constant feeling of depression or an absence of pleasure in tasks, resulting in major hindrances in day-to-day activities.

Persistent Depressive Disorder

A chronic form of depression characterized by a depressed mood for most of the day, more days than not, for at least two years.

Major Depressive Disorder

A psychiatric condition characterized by a lasting feeling of melancholy or lack of desire in pursuits, which severely impacts daily lifestyle.

Major Depressive Disorder (MDD)

A mental health condition marked by a prolonged period of sadness or despair that significantly interferes with daily functioning.