An NOL from a Subchapter C year can be used to offset operating income in an S corporation year.

Name: An NOL from a Subchapter C year can be used to offset operating income in an S corporation year.
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Question

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An NOL (Net Operating Loss) from a Subchapter C corporation year cannot be carried over to offset income in an S corporation year because they are treated as separate entities for tax purposes.

An NOL from a Subchapter C Year Can Be Used