Which of the following is allowable as a deduction in calculating a corporation's net operating loss?
A) Charitable contribution deduction.
B) Net operating losses from other years.
C) Net capital loss carryback.
D) Domestic production activities deduction.

Question

Quizplus · Accepted Answer

Charitable contributions are allowable as a deduction when calculating a corporation's net operating loss, while the other options are not.

Which of the Following Is Allowable as a Deduction in Calculating