BlubBlu Ca experienced the following time Line Of Taxable Income before the effects OF Net Operating Loss carry backs and carry- Fowards. Table Income before the effects year of Net operating Loss carry backs and carry Forwards 2017 $ 160 2018 - $ 206 2019 $ 110 Under the U.S. Tax cuts and Jobs Pet of 2017 (TEJA), Net operating Losses cannot be carried backward, but can be carried Forward Indefinitely. Not operating Loss carry foowards can be used to reduce taxable income by up to 80% of taxable income inany year. The Federal corporate income tax. - After taking into consideration the effects of Net operating Loss carry backs and carry Forwards, as well as the Limitations on using carry forwards under the TCJA, by how much did Blub Blub Co.'s deferred Tax assets de coease in 2019