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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
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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.
$

User Wm
by
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1 Answer

3 votes

Answer:

the answer is may be B bcz i hope

User Ackroydd
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