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21 November, 16:30

Julie, a single taxpayer, has completed her 2019 Schedule C and her net loss is $40,000. Her only other income is wages of $30,000. Julie takes the standard deduction of $12,200 in 2019.

a. Calculate Julie's taxable income or loss.

$

b. Calculate the business and nonbusiness portions of her taxable income or loss.

Business: $

Nonbusiness: $

c. Determine Julie's 2019 NOL.

$

+1
Answers (1)
  1. 21 November, 19:09
    0
    the answer is may be B bcz i hope
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