Corporate Capital Gains and Losses (LO 11.2) DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2020: Year Taxable result 2020 $40,000 2021 (15,000) 2022 5,000 Assuming DeMaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2023? If your answer is zero, enter "0".
Corporate Capital Gains and Losses (LO 11.2) DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2020: Year Taxable result 2020 $40,000 2021 (15,000) 2022 5,000 Assuming DeMaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2023? If your answer is zero, enter "0".
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 29CE
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