Taxpayer Corp. was founded in 2023. In 2023, Taxpayer Corp. had a net operating loss (NOL) of $100,000. In 2024, Taxpayer Corp. had taxable income of $58,461 (before any NOL carryover is applied). In 2025, Taxpayer Corp. had taxable income of $1,123,979 (before any NOL carryover is applied). What is the amount of Taxpayer Corp.'s 2025 NOL deduction? Enter your answer as a positive number.

Answer rating: 100% (QA)

To calculate Taxpayer Corps 2025 NOL deduction we first need to determine the available NOL carryo... View the full answer