Comic Books Corporation, a calendar year corporation, had a net operating loss of $50,000 for 2010. Comic Books made a proper election to forgo the carryback period. For 2011, Comic Books correctly deducted $40,000 of the 2010 loss. Comic Books will lose the remaining $10,000 if it cannot be deducted by the end of which tax year?
a. 2017
b. 2020
c. 2025
d. 2030