Bastrop Inc. generated a $169,000 ordinary loss from operations this year. It also recognized $35,920 recaptured ordinary income, $18,000 net Section 1231 loss, and $125,750 net capital gain on the sale of assets. Compute Bastrop's net operating loss.
A) ($169,000)
B) ($133,080)
C) ($151,080)
D) ($25,330)

Question

Quizplus · Accepted Answer

NOL = (OL + ROL) - (CL + RCL)= ($169,000 + $18,000) - ($125,750 + $35,920)= $187,000 - $161,670= $25,330