Under the 2017 Tax Act, the benefit of net operating losses carried forward is not impacted by the lower tax rate of 21 percent. True False
Under the 2017 Tax Act, the benefit of net operating losses carried forward is not impacted by the lower tax rate of 21 percent. True False
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 55P
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Under the 2017 Tax Act, the benefit of net operating losses carried forward is not impacted by the lower tax rate of 21 percent.
True
False
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