Unless an exception or exclusion applies, in what specific order must tax attributes be reduced? A .
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Unless an exception or exclusion applies, in what specific order must tax attributes be reduced?
A Basis of all property, net operating loss NOL general business credit carryovers, capital loss carryovers, passive activity loss or credit carryovers, foreign tax credit carryovers, minimum tax credits.
B Capital loss carryovers, general business credit carryovers, basis of all property, net operating loss NOL passive activity loss or credit carryovers, minimum tax credits, foreign tax credit carryovers.
C Net operating loss NOL capital loss carryovers, general business credit carryovers, basis of all property, passive activity loss or credit carryovers, foreign tax credit carryovers, minimum tax credits.
D Net operating loss NOL general business credit carryovers, minimum tax credits, capital loss carryovers, basis of all property, passive activity loss or credit carryovers, foreign tax credit carryovers.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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