A Member's Portion of a Consolidated NOL May Be Carried

question 63

True/False

A member's portion of a consolidated NOL may be carried back against that member's taxable income from the preceding two separate return years.

---

Definitions:

IQ Scores

IQ scores, or Intelligence Quotient scores, represent a person's relative cognitive abilities as compared to the general population.

Standard Deviation

A statistical measure of the dispersion or variation in a set of numbers, indicating how spread out the values are.

Inverse Relationship

A type of correlation where one variable increases while the other decreases, and vice versa.

Negative Correlation

A linkage between two variables that demonstrates an inverse relationship: one rises as the other falls.