DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2016: Year Taxable result 2016 40,000 2017 (15,000) 2018 (5,000) 2019 6,000 Assuming Demaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2020? $
DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2016: Year Taxable result 2016 40,000 2017 (15,000) 2018 (5,000) 2019 6,000 Assuming Demaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2020? $
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 48P
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DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2016:
Year | Taxable result |
2016 | 40,000 |
2017 | (15,000) |
2018 | (5,000) |
2019 | 6,000 |
Assuming Demaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2020?
$
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT