How can a Net Operating Loss be used to offset previous or future income?
Select one:
a. As a carryback of 3 years and then a carryforward of up to 5 years.
b. As a carryback of 2 years and then a carryforward of up to 20 years.
c. As a carryforward of up to 20 years only.
d. As a carryback of 2 years and then a carryforward of up to 5 years.
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