What is DeMarias net operating loss carryforward

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Problem - DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2016:

Year - Taxable result

2016 - 40,000

2017 - (15,000)

2018 - (5,000)

2019 - 6,000

Assuming Demaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2020?

Reference no: EM132702869

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