Question

I was given the wrong answer on original post! I need a different expert to ansewr this question please.

In 2017, Lisa calculated a ($46,473) NOL on her Form 1045, Schedule A. Lisa wants to carryback her 2017 NOL to 2015. In 2015, Lisa filed single, had no dependents, took the standard deduction, and her AGI reported on her Form 1040, line 37, was $63,196. Lisa's 2015 income tax was $9,013 and her 2015 self-employment tax was $9,608.
Using Form 1045, pages 1 and 2, carryback Lisa's 2017 NOL to 2015 and calculate her refund.

	$8,360.
	$8,365.
	$8,370.
	$8,375.

Answer 1

Income Tax in 2015
	AGI (before Standard deduction)	$ 63,196.00
	Less: Standard deduction (As per federal tax rates in 2015)	$   6,300.00
	Less: Personal Exemption(As per federal tax rates in 2015)	$   4,000.00
	Taxable Income	$ 52,896.00
	Tax rate ($37451-$90750)=$5156.25+25% of amount over $37451
	($52896-$37451)*25%+$5156.25	$   9,017.50
	Carryback NOL of 2017 against 2015 income=($52896-$46473)=	$   6,423.00
	Tax on ($6423)*10% if income between(0-$9225)	$       642.30
	Refund=($9017-$642)	8375.2
	Refund=($9017-$642)	$   8,375.00