A C corporation has an unused net operating loss carryover at the end of 2019. The corporation

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A C corporation has an unused net operating loss carryover at the end of 2019. The corporation elects S corporation status at the beginning of 2020. What happens to the unused net operating loss carryover?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 03:05 AM

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A C corporation has an unused net operating loss carryover at the end of 2019. The corporation

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ANSWER When a C corporation elects to become an S corporation the treatment of the unused net operat...View the full answer

CCH Federal Taxation Basic Principles 2020

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