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 2018?

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 2019

ISBN: 9781260158670

12th Edition

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

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Question Posted: Jun 03, 2019 05:03 AM

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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 carried forward and deducted in succeed...View the full answer

Fundamentals Of Taxation 2019

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