Question: Angelo has a net operating loss (NOL) for 2023. How will the NOL deduction impact his income in a future period? His NOL deduction can

Angelo has a net operating loss (NOL) for 2023. How will the NOL deduction impact his income in a future period? His NOL deduction can be taken up to 100% of taxable income His NOL deduction can be taken up to 80% of taxable income His NOL deduction can reduce his taxable income below zero NOL deductions can only be earried to prior years, not future years

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