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Schuppe Corporation generated an NOL of $2,000,000 in 2019. In 2020, Schuppe generated taxable income of $500.000. Schuppe has no taxable income in carryback years.
Schuppe Corporation generated an NOL of $2,000,000 in 2019. In 2020, Schuppe generated taxable income of $500.000. Schuppe has no taxable income in carryback years. Assuming Schuppe uses NOL in 2020, what is Schuppe's taxable income after the NOL? $2.000.000 kemones $100,000
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