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In 2020, SML Corp. reported taxable income of $100,000 before any NOL deductions. SML has a...

In 2020, SML Corp. reported taxable income of $100,000 before any NOL deductions. SML has a $170,000 NOL carryover that originated in 2017 and a $90,000 NOL carryover that originated in 2018. (Leave no answer blank. Enter zero if applicable.)

a. What is SML’s 2020 taxable income after the NOL deduction?



b. What NOLs can SML carry over to 2021?

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