How much operating loss can you carry forward to 2019

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Reference no: EM132558478

Suppose your firm had the following taxable income amounts: 2015 ($2 million) operating loss

2016 ($2 million) operating loss

2017 ($2 million) operating loss

2018 $5 million

After you "carry forward" the operating losses, how much operating loss can you carry forward to 2019?

Group of answer choices

$2 million

$1 million

$3 million

$0

$4 million

Reference no: EM132558478

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