What is correct regarding net section 1231 losses They can create or increase NO

Question

What is correct regarding net section 1231 losses They can create or increase NOL They cannot increase or create NOL They can be carried forward for up to 25 years They have no impact on the tax treatment of later 1231 Gaines
What is correct regarding net section 1231 losses They can create or increase NOL They cannot increase or create NOL They can be carried forward for up to 25 years They have no impact on the tax treatment of later 1231 Gaines
They can create or increase NOL They cannot increase or create NOL They can be carried forward for up to 25 years They have no impact on the tax treatment of later 1231 Gaines

Explanation / Answer

They can creat NOL. As its a favourable tax treatment. Its related to capital gain on sale of business and assessee can opt for lower capital gain tax rate.

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