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

question 94

Multiple Choice

Akeem, who does not itemize, incurred a net operating loss (NOL) of $50,000 in 2012.His deductions in 2012 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 2013?

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

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