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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 16544
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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This is for Megan C. Whis of the following is business income

Resolved Question:

This is for Megan C.

Whis of the following is business income for purposes of computing an NOL?
personal casualty gains
taxable pension income
active-participation rental income from Schedule E
Royalty income from Schedule E
Submitted: 2 years ago.
Category: Finance
Expert:  Megan C replied 2 years ago.

Megan C :

Thank you for asking for me, Diana

Megan C :

How are you today?

Megan C :

Personal casualty gains would be included in income, as casualty losses can create an NOL

Megan C and other Finance Specialists are ready to help you
Expert:  Megan C replied 2 years ago.
Diana,

My answer is personal casualty gains.

Please let me know if I can further assist....

Megan
Expert:  Megan C replied 2 years ago.
Diana

Thanks for asking for me. Please come back any time you need a question answered. I'm always here to help

Thanks

Megan