DaveF1006
Expert Alumni

Deductions & credits

It depends. If you are looking for specific guidance on your specific matter, I have found this source that may help you to decide what is the right answer. Based on your information given, my suggestion is to use option 1 but this is just my opinion. 

 

26 CFR § 1.904(g)-1 - Overall domestic loss and the overall domestic loss account

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