17 NCAC 05C .1504 — Income Not Taxable

17 NCAC 05C .1505 PROCEDURE FOR DEDUCTING A NET ECONOMIC LOSS 17 NCAC 05C .1506 CORPORATIONS APPORTIONING THEIR NET INCOME A corporation required to apportion its net income or net loss under G.S. 105-130.4 may carry forward only a portion of its State net loss. For example, a corporation apportioning 50 percent of its net income or loss to North Carolina in a particular year in which it sustains a total State net loss of one thousand dollars ($1,000.00) may carry forward only five hundred dollars ($500.00) to a subsequent year. 17 NCAC 05C .1507 CORPORATION SUSTAINING LOSS ENTITLED TO DEDUCTION SECTION .1600 - TRANSACTIONS BETWEEN AFFILIATED CORPORATIONS