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

question 15

Multiple Choice

Akeem,who does not itemize,incurred a net operating loss (NOL) of $50,000 in 2013.His deductions in 2013 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 2014?

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

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