If an NOL is carried back to a prior year, what adjustments must be made to the

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If an NOL is carried back to a prior year, what adjustments must be made to the prior year’s taxable income? What are the possible results of the adjustments?

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Dec 11, 2015 02:06 AM

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If an NOL is carried back to a prior year, what adjustments must be made to the

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An NOL deduction is a deduction for AGI Thus the prior years AGI is reduced ...View the full answer

Federal Taxation 2016 Comprehensive

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