If a Taxpayer Has an NOL in 2010 of $20,000,of

question 64

Multiple Choice

If a taxpayer has an NOL in 2010 of $20,000,of which $8,000 is attributable to a theft of personal 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 the above.

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Definitions:

Birds

Warm-blooded vertebrates of the class Aves, characterized by feathers, beak, and typically the ability to fly.

Species Richness

The diversity of different species within an ecological community, landscape, or area.

Structural Complexity

The characteristic of an entity or system that has multiple parts and connections, making it complex in its architecture or makeup.

Vegetation

Plant life or total plant cover in an area, contributing to the habitat's ecosystem and providing resources for wildlife.