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In 2022, Brilliant Corporation reports gross income of $170,000 (including $110,000 of profit from its operations and $60,000 in dividends from less-than-20%-owned domestic corporations) and

In 2022, Brilliant Corporation reports gross income of $170,000 (including $110,000 of profit from its operations and $60,000 in dividends from less-than-20%-owned domestic corporations) and $185,000 of operating expenses. Read the requirements. Requirement a. What is Brilliant's net operating loss (NOL) for 2022? (Use parentheses or a minus sign for an NOL) Gross income Income (NOL) before dividends-received deduction Income (NOL) for 2022
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tiperasing eapensers Requirements a. What is Brilliant's NOL for 2022? b. Assume that Brilliant expects 2023 's taxable income to be $17,000 and 2024 's taxable income to be $160,000, both before any NOL deduction in the carryover year. What NOL deductions can Brilliant expect to claim in 2023 and 2024? c. How would your answer to Part b change if, in addition to the 2022NOL, Brilliant also had a $2,500 NOL carryover from a loss occurring before 2018

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