Which of the Following Statements About an NOL Deduction Is

question 110

Multiple Choice

Which of the following statements about an NOL deduction is false?

• A)A taxpayer who deducts an NOL against taxable income for a previous year receives an immediate benefit in the form of a tax refund.
• B)The value of an NOL carryforward deducted next year is more than the value of an NOL carryforward deducted in five years.
• C)The value of an NOL carryforward deduction depends on the taxpayer's discount rate and future marginal tax rate.
• D)None of the above is false.