Mario, a single taxpayer with two dependent children, has the following items of income and expense during

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Mario, a single taxpayer with two dependent children, has the following items of income and expense during 2022:Gross receipts from business Business expenses Net capital gain Interest income Itemized deductions (state

a. Determine Mario’s taxable income for 2022.

b. Determine Mario’s NOL for 2022.

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South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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