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

question 18

Multiple Choice

Akeem,who does not itemize,incurred a net operating loss (NOL) of $50,000 in 2010.His deductions in 2010 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 2011?

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

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