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May I deduct all NOL in the final year of 1120

AW2020
Level 1

May I deduct all amount of NOL in the final year of 1120? Thank you very  much !

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3 Comments 3
sjrcpa
Level 15

It's deductible subject to all the normal rules. Being a final return doesn't get you anything more.


Ex-AllStar
AW2020
Level 1

Great! Thank you very much! 

sjrcpa
Level 15

You're welcome.


Ex-AllStar