Corporations May Carry a Net Operating Loss Sustained in 2019

question 34

True/False

Corporations may carry a net operating loss sustained in 2019 back two years and forward 20 years.

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Definitions:

Normal Function

The regular, intended, or unimpaired operation or activity of an organism, organ, or system.

Disease Process

The series of events related to the development and progression of a disease, including its onset, symptoms, and effects on the body.

Medial

Pertaining to or situated toward the midline of the body or an organ.

Lateral

Pertaining to or situated at the side.