Question: Javier incurred a $ 4 0 , 0 0 0 net operating loss in 2 0 2 3 . In 2 0 2 4 ,

Javier incurred a $40,000 net operating loss in 2023. In 2024, he earned $35,000 of taxable income. Javier will be able to take an NOL deduction in 2024 of
A) $35,000.
B) $40,000.
C) $28,000.
D) $26,250.
Javier incurred a $40,000 net operating loss in 2023. In 2024,

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