Question: Harlan has a $ 4 0 , 0 0 0 excess business loss in the current year. The excess business loss is: a . Carried

Harlan has a $40,000 excess business loss in the current year. The excess business loss is:
a. Carried forward indefinitely.
b. Carried back two years only.
c. Carried back 22 years.
d. Carried forward 22 years.
e. Carried back two years and forward 20 years.

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