Business

1 January, 06:47

When filing its tax returns for both 2013 and 2016, kad did not elect to give up the carryback of its losses or elect special carryback years. kad's taxable income before the net operating loss deduction for 2016 was $80,000. what is the amount of net operating loss deduction kad should report on its tax return for 2016?

a. $5,000

b. $25,000

c. $30,000

d. $50,000?

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