In 2018,Smith Traders Inc.reported a net operating loss of $100,000.In 2019,before the NOL deduction,it reported taxable income of $50,000.What is Smith Traders' 2019 taxable income after the NOL deduction and what is its NOL carryover to 2020?

Question

Quizplus · Accepted Answer

The Answer of In 2018,Smith Traders Inc.reported a net operating loss of $100,000.In 2019,before the NOL deduction,it reported taxable income of $50,000.What is Smith Traders' 2019 taxable income after the NOL deduction and what is its NOL carryover to 2020?