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Tyler, a single taxpayer, generates a net operating loss of $12,000 in 2017. He also...

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Accounting

Tyler, a single taxpayer, generates a net operating loss of $12,000 in 2017. He also generates a net operating loss of $6,000 in 2018. Finally, in 2019, Tyler's business turns a corner and he generates taxable income of $17,000.

a. How much of Tyler's 2017 NOL is carried forward to 2020?

b. How much of Tyler's 2018 NOL is carried forward to 2020?

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