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XYZ Inc. has a net operating loss of $200,000 for the 2020 tax year. XYZ reported taxable income in 2021 of $200,000. How much of

XYZ Inc. has a net operating loss of $200,000 for the 2020 tax year. XYZ reported taxable income in 2021 of $200,000. How much of the 2020 NOL can XYZ offset against its 2021 taxable income?

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