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Barkha incurred a $50,000 non-farm net operating loss (NOL) in 2023. Before deducting the NOL carryforward, her modified taxable income for 2024 is $52,600. How

Barkha incurred a $50,000 non-farm net operating loss (NOL) in 2023. Before deducting the NOL carryforward, her modified taxable income for 2024 is $52,600. How much is Barkha's NOL deduction for 2024? $40,000 $42,080 $48,000 $52,600

Answer : 42,080

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