Answered: 19) An S Corporation can never utilize…

Business

Accounting

19) An S Corporation can never utilize an NOL incurred from when it was a C Corporation. a) True b) False

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter20: Corporations: Distributions In Complete Liquidation And An Overview Of Reorganizations

Section: Chapter Questions

Problem 1DQ

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Question

E48.

19) An S Corporation can never utilize an NOL incurred from when it was a C Corporation.
a) True
b) False

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