Year Pre-Taxable Income Net Operating Income/(Loss)
Ho Lee Chow Chinese Restaurant Corp. was formed on
January 1, 2019. It reports the following for each year:
2019 $13,000 $8,000
2020 $14,000 $1,000
2021 $9,000 $5,000
2022 $19,000 $10,000
2023 $15,000 $1,000
2024 ($39,000) ($45,000)
2025 $19,000 $14,000
2026 $6,000 $7,000
It did not receive any dividends during these years.
What amount of net operating losses, if any, are still available
in 2027 (and beyond) as a carryforward?
(Numbers only. Do not use dollar signs, commas or decimals.)
(If your answer is 0, enter 1 instead.)