Problem 4-13 Net Operating Losses (LO 4.9)

Tyler, a single taxpayer, generates a net operating loss of $12,000 in 2017 and elects to forego any carryback. He also generates a net operating loss of $6,000 in 2018. Finally, in 2019, Tyler's business turns a corner and he generates taxable income of $17,000.

If an amount is zero, enter "0".

a. How much of Tyler's 2017 NOL is carried forward to 2020? $....................

b. How much of Tyler's 2018 NOL is carried forward to 2020? $......................