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Akeem, Who Does Not Itemize, Incurred a Net Operating Loss

Question 19

Multiple Choice

Akeem, who does not itemize, incurred a net operating loss (NOL) of $50,000 in 2018.His deductions in 2018 included AMT tax preference items of $20,000, and he had no AMT adjustments.What is Akeem's alternative tax NOL deduction (ATNOLD) carryover to 2019?


A) $50,000
B) $30,000
C) $20,000
D) $40,000
E) None of these.

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