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What is the NOL carryforward

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Reference no: EM132958297

Question - Paolo Corp generated the following income/(loss) since its inception in 2017:

Year Income/(loss)

2017 (5,000)

2018 7,000

2019 14,000

2020 (20,000)

If Paolo generates $4,000 of income in 2021, what is the NOL carryforward to 2022?

Reference no: EM132958297

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