The deduction for non corporate excess business losses in curd in 2021 is: disallowed and must be treated as net operating losses limited to 50% of other income fully deductible against non business income carried back to the prior two years and then carried forward indefinitely

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The deduction for non corporate excess
business losses in curd in 2021 is: disallowed
and must be treated as net operating losses
limited to 50% of other income fully
deductible against non business income
carried back to the prior two years and then
carried forward indefinitely
Transcribed Image Text:The deduction for non corporate excess business losses in curd in 2021 is: disallowed and must be treated as net operating losses limited to 50% of other income fully deductible against non business income carried back to the prior two years and then carried forward indefinitely
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