In 2018, Stephanie had total nonbusiness income of $1,500. Her 2018 adjustments and deductions include a...
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In 2018, Stephanie had total nonbusiness income of $1,500. Her 2018 adjustments and deductions include a deductible IRA contribution of $4,000, personal property taxes of $587, real estate tax of $1,831, mortgage interest of $9,914, and state tax withheld on wages $615. Using the adjustments and deductions listed s above, compute Stephanie's net operating loss (NOL) nonbusiness deductions in excess of nonbusiness income modification. $885 $14,832 $15,447 $16,947 In 2018, Stephanie had total nonbusiness income of $1,500. Her 2018 adjustments and deductions include a deductible IRA contribution of $4,000, personal property taxes of $587, real estate tax of $1,831, mortgage interest of $9,914, and state tax withheld on wages $615. Using the adjustments and deductions listed s above, compute Stephanie's net operating loss (NOL) nonbusiness deductions in excess of nonbusiness income modification. $885 $14,832 $15,447 $16,947
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Related Book For
Taxation of Individuals 2017
ISBN: 9781259548666
8th edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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