Cedar Corporation reported a $25,000,000 net operating loss in 2022 . It also has a...
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Cedar Corporation reported a $25,000,000 net operating loss in 2022 . It also has a $100,000NOL carryover from 2017. In 2023, Cedar reported taxable income before any NOL carryovers of $20,000,000. What is Cedar's taxable income in 2023 after the NOL deduction, and what is its NOL carryover, if any, to 2024
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Cedar Corporation reported a $25,000,000 net operating loss in 2022 . It also has a $100,000NOL carryover from 2017. In 2023, Cedar reported taxable income before any NOL carryovers of $20,000,000. What is Cedar's taxable income in 2023 after the NOL deduction, and what is its NOL carryover, if any, to 2024 