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Determine and recompute trws taxable income

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TRW Inc. began business in 2018 and incurred net operating losses for its first two years. ln 2020, it became profitable. The following table shows TRW's taxable income before consideration of these NOLs.

                           2008        2019       2020            2021       2022         2023           2024           2025

Taxable income $(420,000) $(358,000)  $81,000     $41 ,000  $210,000  $298,000    $387,000   $905,000

Question 1: Determine and Recompute TRW's taxable income for 2020 through 2025 after its allowable net operating loss deduction.

Reference no: EM132483425

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