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WCC Corporation has a $ 1 2 0 , 0 0 0 net operating loss carryover to 2 0 2 3 from a previous year.

WCC Corporation has a $120,000 net operating loss carryover to 2023 from a previous year. Assume that it reported $79,000 of taxable income in 2023(before the net operating loss deduction) and $50,000 of taxable income in 2024(before the net operating loss deduction). Assuming the $120,000 NOL carryover originated in 2022, what is WCC's booktax difference associated with the NOL in 2022 and in 2023? Is it permanent or temporary?

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