Akeem,who Does Not Itemize,incurred a Net Operating Loss (NOL)of $50,000

question 68

Multiple Choice

Akeem,who does not itemize,incurred a net operating loss (NOL) of $50,000 in 2015.His deductions in 2015 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