Which of the following is business income for the purpose of computing an nol? P
ID: 2595042 • Letter: W
Question
Which of the following is business income for the purpose of computing an nol?Personal casualty gains
Taxable pension income
Active participation rental income from Schedule e
Royalty income from schedule e Which of the following is business income for the purpose of computing an nol?
Personal casualty gains
Taxable pension income
Active participation rental income from Schedule e
Royalty income from schedule e
Personal casualty gains
Taxable pension income
Active participation rental income from Schedule e
Royalty income from schedule e
Explanation / Answer
Active participation rental income from Schedule E is business income for the purpose of computing an NOL Option 3 is correct
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