Business, 05.05.2020 00:41 osmarirodriguez2079

A net operating loss (NOL) occurs for tax purposes in a year when tax-deductible expenses exceed taxable revenues. Companies can reduce future taxable income on the amount of NOL in which of the following way?

a. must always be carried back 2 years.
b. may be carried back 2 years or carried forward up to 20 years.
c. may carry the net operating loss forward indefinitely.
d. must always be carried forward 20 years.

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A net operating loss (NOL) occurs for tax purposes in a year when tax-deductible expenses exceed tax...

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