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Company XYZ in previous three years (2016,17,18) has lost $1,000,000 in each year. From 2019 and 2020 it is making $ 1,500,000 per year.

Company XYZ in previous three years (2016,17,18) has lost $1,000,000 in each year. From 2019and 2020 it is making $ 1,500,000 per year. Please show how this situation can be compensatedin these two years.1 Show this working in table format42 How much Tax saving will be enjoyed for this company due to carryforward,3Tax Bracket is 40%. 

Company XYZ in previous three years (2016,17,18) has lost $1,000,000 in each year. From 2019 and 2020 it is making $ 1,500,000 per year. Please show how this situation can be compensated in these two years. 1 Show this working in table format 4 2 How much Tax saving will be enjoyed for this company due to carryforward, 3 Tax Bracket is 40%.

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