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  3. question 79 ?of 100.for 2024, ?the maximum amount

Question 79 ?of 100.For 2024, ?the maximum amount of taxable income that can be offset...

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Accounting

Question 79 ?of 100.
For 2024, ?the maximum amount of taxable income that can be offset with non-farm net operating loss (NOL) ?deductions is
? 80%, ?and the NOL can be carried forward indefinitely.
100%, ?and the NOL can be carried forward indefinitely.
80%, ?and the NOL must be carried back five years with any remaining amount carried forward to future years.
100%, ?and the NOL carryforward is limited to five years.
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