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In 2021, H Corporation reported $100,000 of taxable income before the NOL deduction. It had the following NOL carryovers available at the end of 2020:
In 2021, H Corporation reported $100,000 of taxable income before the NOL deduction. It had the following NOL carryovers available at the end of 2020: $80,000 NOL carryover from 2015 and $50,000 carryover from 2019. What is H Corporations taxable income after the NOL deductions? What is H Corporations NOL carryover to 2022?
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