Homework answers / question archive / Dale incurred a $30,000 non-farm NOL in 2018

Dale incurred a $30,000 non-farm NOL in 2018

Law

Share With

Dale incurred a $30,000 non-farm NOL in 2018. Before deducting the NOL carryforward, his 2019 AGI is $35,000 and his taxable income is $23,000. How much is Dale's NOL deduction for 2019?

Explain please!