Crane Corporation incurs a $75,000 NOL in the current year. In which years can Crane use this

Question:

Crane Corporation incurs a $75,000 NOL in the current year. In which years can Crane use this NOL? What limitations might apply?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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