Question
Roberto incurred a $60,000 nonfarm net operating loss (NOL) in 2018. Before deducting the NOL carryforward, his 2019 AGI is $45,000 and his taxable income
Roberto incurred a $60,000 nonfarm net operating loss (NOL) in 2018. Before deducting the NOL carryforward, his 2019 AGI is $45,000 and his taxable income is $21,000. How much is Roberto's NOL deduction for 2019?
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The Quest For A Science Of AccountingAn Anthology Of The Research Of Robert R. Sterling
Authors: Thomas A. Lee, Peter W. Wolnizer
1st Edition
0367698196, 9780367698195
