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Copp, Inc., a calendar year taxpayer, generated the following taxable income and losses before considering the use of any NOLs. Taking into account the temporary

Copp, Inc., a calendar year taxpayer, generated the following taxable income and losses before considering the use of any NOLs. Taking into account the temporary law changes in the 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act, determine Copps final taxable income for each year afer considering the NOLs.Question.

Income Pre-NOL Income after NOL

2014 $1,200,000 _____________

2015 $1,000,000 ______________

2016 $1,000,000 ______________

2017 $1,000,000 ______________

2018 ($1,500,000)

2019 ($1.500,000)

2020 ($500,000)

2021 ($1,500,000)

2022 $ 500,000 ______________

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