Question
Craigs Cars, a car dealership founded in 2017, has taxable income and net operating losses as follows: Tax Year Taxable Income/NOL 2017 $90,000 2018 ($100,000)
Craigs Cars, a car dealership founded in 2017, has taxable income and net operating losses as follows:
| Tax Year | Taxable Income/NOL |
| 2017 | $90,000 |
| 2018 | ($100,000) |
| 2019 | $110,000 |
| 2020 | $120,000 |
What will Craigs Cars 2019 taxable income be after after application of the NOL carryover?
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Advances In Accounting Education Teaching And Curriculum Innovations Volume 23
Authors: Thomas G. Calderon
1st Edition
1789733944, 978-1789733945
