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What does the new limitation on excess business losses require all taxpayers except C corporations? Excess...

What does the new limitation on excess business losses require all taxpayers except C corporations?

Excess business losses must be deducted in full in the year incurred.

Excess business losses must be carried back 2 years with any excess carried forward 20 years.

Excess business losses must be carried forward and deducted under the rules for NOLs in subsequently taxable years.

Excess business losses must be carried forward and deducted in equal installments over 8 years.

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