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CCS, a corporation, reported a net operating loss of $500,000 for 2019 . It carried the loss forward to 2020. Before the NOL deduction, CCS
CCS, a corporation, reported a net operating loss of $500,000 for 2019. It carried the loss forward to 2020. Before the NOL deduction, CCS reported taxable income of $500,000 in 2020. What is CCSs taxable income in 2020 after the NOL deduction?
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