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Business, 12.03.2020 01:34 bigbear123

Phillis and Trey are married and file a joint tax return. For 2019, they have $4,800 of nonbusiness capital gains, $2,300 of nonbusiness capital losses, $500 of interest income, and no itemized deductions. The standard deduction for married filing jointly is $24,000.Based on these transactions, to arrive at the NOL, Phillis and Trey's taxable income must be adjusted by $.

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Phillis and Trey are married and file a joint tax return. For 2019, they have $4,800 of nonbusiness...
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