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Business, 13.03.2020 22:15 shanicet047ox9ff6

Phillis and Trey are married and file a joint tax return. For 2018, they have $19,750 of nonbusiness capital gains, $7,900 of nonbusiness capital losses, $1,975 of interest income, and no itemized deductions. The standard deduction for married filing jointly is $24,000 for 2018.

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 2018, they have $19,750 of nonbusiness...
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