Question

Question 47 of 50.

In 2017, Donna had total nonbusiness income of $1,250. Her 2017 adjustments and deductions include:

Deductible IRA contributions of $4,000.

Property taxes of $1,116.

Real estate tax of $1,812.

Mortgage interest of $4,214.

Employee business expenses of $919.

Charitable contributions of $884.

Answer 1

Solution:

Details	Amount($)	Amount($)
Total non business income		$1,250
Less: Deductions:
Charitable contributions	($884)
Mortgage interest	($4,214)
Property taxes	($1,116)
Deductible IRA contributions	($4,000)
Real estate tax	($1,812)
Total deductions		($12,026)
Net operating loss (NOL)		($10,776)

Net operating loss (NOL) = ($10,776)

Note: In the given question you can't uploaded the required part.

I hope you need the net operating loss (NOL).

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