Barkha incurred a $50,000 net operating loss (NOL) in 2019. Before deducting the NOL carryforward,...
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Barkha incurred a $50,000 net operating loss (NOL) in 2019. Before deducting the NOL carryforward, her 2019 AGI is $65,000 and her taxable income is $52,600. How much is Barkha's NOL deduction for 2019? A. $40,000 B. $42,080 C. $50,000 D. $52,600
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