Jim owned 100% of the Rockford Files Corporation (RF). At the end of last year, RF had an NOL of $6,000,000. On January 1 of the current year, Jim sold all of his stock in RF to David for $8,000,000. For January of the current year, the long term tax exempt rate was 3%. At the time of the sale, RF only had one asset with a basis that was significantly different from its fair market value: a trailer in Malibu (used as an office) with a value of $1,000,000 and a basis of $200,000. (Ignore recapture issues). This year, RF sold the trailer for $1,000,000 and realized $5,000,000 of taxable income before considering any NOL carryovers. (The $5,000,000 includes the gain on the sale of the trailer.) [Note: It DOES NOT MATTER whether the NOLs were incurred pre- or post-TCJA.; the answer will be the same under both approaches based on the numbers in this problem.]

What is RFs taxable income for the current year after taking the NOL carryover into account? Enter as a positive number.