in the current year, Crimson, Inc., a calendar C corporation, has income from operations of $$275,000$ and operating deductions of $$315,000.$ Crimson also had $$50,000$ of dividends from a $15\%$ stock ownership in a domestic corporation. Which of the following statements is correct with respect to Crimson for the current year?

a$.$

Crimson$$s taxable income is $$0.$

b$.$

A dividends received deduction is not allowed in computing Crimson$$s NOL.

c$.$

The NOL is carried back $3$ years and forward $10$ years by Crimson.

d$.$

Crimson$$s dividends received deduction is $$25,000.$n the current year, Crimson, Inc., a calendar C corporation, has income from operations of $$275,000$ and operating deductions of $$315,000.$ Crimson also had $$50,000$ of dividends from a $15\%$ stock ownership in a domestic corporation. Which of the following statements is correct with respect to Crimson for the current year?

a$.$

Crimson$$s taxable income is $$0.$

b$.$

A dividends received deduction is not allowed in computing Crimson$$s NOL.

c$.$

The NOL is carried back $3$ years and forward $10$ years by Crimson.

d$.$

Crimson$$s dividends received deduction is $$25,000.$