which of the following is true regarding the net operating loss of a trust or...
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Accounting
which of the following is true regarding the net operating loss of a trust or estate? (1) it may require revised k-1s to be given to beneficiaries when the loss is carried back to a prior year (2) it must always be carried forward as no carryback is allowed (3) it can only arise from the operation by the trust or estate of a tade or business (4) It must be carried back by filing an amended form 1041 for the affected years
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