Keri is a single taxpayer and has a net operating loss of $30,000 in 2017.Her taxable income for the last 5 years has been about $10,000 each year.She expects 2018 to be a very good year and projects that her income will be over $100,000.If you were Keri's tax advisor,what would you recommend that she do with her 2017 operating loss? Explain.

Question

Quizplus · Accepted Answer

The Answer of Keri is a single taxpayer and has a net operating loss of $30,000 in 2017.Her taxable income for the last 5 years has been about $10,000 each year.She expects 2018 to be a very good year and projects that her income will be over $100,000.If you were Keri's tax advisor,what would you recommend that she do with her 2017 operating loss? Explain.

Keri Is a Single Taxpayer and Has a Net Operating