What is the earliest year to which a corporation can carry a net operating loss realized in 2015?
A)2014
B)2013
C)2012
D)2011

Question

Quizplus · Accepted Answer

According to IRS rules, a corporation can carry back a net operating loss for up to two years and carry it forward for up to 20 years. As the net operating loss that the corporation realized in 2015 can be carried back for two years, the earliest year to which it can be carried back is 2013.

What Is the Earliest Year to Which a Corporation Can