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In 2023, Ashley's business had $20 million in revenue, and had $4,000,000 in net income in 2023. Her business had a Net Operating Loss of

In 2023, Ashley's business had $20 million in revenue, and had $4,000,000 in net income in 2023. Her business had a Net Operating Loss of $2,000,000 from 2022 that she carryforwarded to 2023. Which of the following is true in regards to her Net Operating Loss deduction in 2023 for California Income Taxes? Group of answer choices A. Ashley's $2,000,000 Net Operating Loss in 2022 is disallowed and cannot be used after 2022. B. Ashley can use the $2,000,000 Net Operating Loss to reduce her business' taxable income to $2,000,000 in 2023. C. Ashley's $2,000,000 Net Operating Loss from 2022 is suspended and will be carryforwarded to 2024. D. Ashley can use $1,600,000 of the Net Operating Loss to reduce her business' taxable income to $2,400,000 in 2023

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