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For each of the years 2019 through 2021, Roosevelt Corporation had net income (loss) per books as follows: 2019 $15,000; 2020 $10,000; 2021 ($50,000). Included
For each of the years 2019 through 2021, Roosevelt Corporation had net income (loss) per books as follows: 2019 $15,000; 2020 $10,000; 2021 ($50,000). Included in Roosevelt's gross revenues for 2021 were taxable dividends of $20,000 received from a 15% owned corporation. What is Roosevelt's NOL that may be carried forward to 2022?
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