Karen has a net operating loss in 2016. if she does not make any special elections, what is the first year to which karen can carry the net operating loss? 2013 2014 2015 2017 none of the above

2014 is the first year that she can carry the net operating loss back to. The IRS makes allowances that let you carry back a net operating loss to two years in the past, though they allow three if the net operating loss was because someone stole from you.