Multiple Choice
Akeem,who does not itemize,incurred a net operating loss (NOL) of $50,000 in 2014.His deductions in 2014 included AMT tax preference items of $20,000,and he had no AMT adjustments.Assuming the NOL is not carried back,what is Akeem's ATNOLD carryover to 2015?
A) $50,000
B) $30,000
C) $20,000
D) $40,000
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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