Question: Javier incurred a $ 4 0 , 0 0 0 net operating loss in 2 0 2 4 . In 2 0 2 5 ,

Javier incurred a $40,000 net operating loss in 2024. In 2025, he earned $35,000 of taxable income. Javier will be able to take an NOL deduction in 2025 of 28)______
A) $35,000. B) $40,000. C) $26,250. D) $28,000.

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