If a Taxpayer Has an NOL in 2014 of $20,000,of

question 13

Multiple Choice

If a taxpayer has an NOL in 2014 of $20,000,of which $8,000 is attributable to a theft of rental use property,the taxpayer may:

• A)Carry all of the NOL of $20,000 back 5 years.
• B)Carry all of the NOL of $20,000 back 3 years.
• C)Carry $8,000 of the NOL back 3 years and the remainder of the NOL of $12,000 back 2 years.
• D)All of the above.
• E)None of these.

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The process of changing or adjusting to better fit a new environment or condition.

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