Current Attempt in Progress

A net operating loss $($ NOL $)$ occurs for tax purposes in ayear when tax$-$deductible expenses exceed taxable revenues. Companies can reduce future taxable income on the amount of NOL in the following way:

must always be carried back $2$ years.

may carry the net operating loss forward indefinitely$-$

may be carried back $2$ years or carried forward up to $20$ years.

must always be carried forward $20$ years.

Indicual

Bubciot

Iulanat

$x$

Nisncying

Solvan

cotom

Diturd

Bumate