Business, 05.03.2020 19:35 lillovecandy

Test Pilot, Inc. reported a net operating loss of $25,000 for its tax year ended December 31, 2018. Test Pilot reported income of $20,000, $10,000 and $8,000 in 2019, 2020, and 2021, respectively. What is Test Pilot's 2019 income after NOL carry forward and the amount of NOL carry forward available for 2020?

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Test Pilot, Inc. reported a net operating loss of $25,000 for its tax year ended December 31, 2018....

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