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C-Corp carryovers once S-Corp revokes election

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    #1

    C-Corp carryovers once S-Corp revokes election

    A formerly C-Corp with NOL carryovers elected to be taxed as an S-Corp. Are the NOL carryovers still available once the S-Corp now revokes its election?
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    #2
    Yes.

    Just adding a few words so this forum will let me post it because it said I need at least 10 characters to post.
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