Accounting Help

Question

Mar 11, 2006, 06:01 AM

sadkins415

New Member

Join Date: Feb 2006

Posts: 13

Accounting Help

Anyone know the answer to this question?

If a taxpayer incurs an NOL in 2004, which is not attributable to a casualty or theft loss, the taxpayer may:

a. Carry the NOL back 5 years.
b. Carry the NOL back 3 years.
c. Carry the NOL forward instead of back.
d. All of the above.

Thank you very much!!

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