Referring to the previous question, what is the treatment for the interest expense that Thomas could not

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Referring to the previous question, what is the treatment for the interest expense that Thomas could not deduct in 2017?

a. It is lost.

b. It cannot be used except as a carry back to previous years.

c. It can be carried forward and deducted in succeeding years.

d. None of the above.

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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Question Posted: Nov 19, 2018 12:35 PM

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Referring to the previous question, what is the treatment for the interest expense that Thomas could not

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c It can be ...View the full answer

Fundamentals Of Taxation 2018

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