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Author Question: Which of the following expenses or losses could create a net operating loss for an individual taxpayer? (Read 52 times)

Cooldude101

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Question 1

Kayla reported the following amounts in her 2016 tax return:



Kayla has generated an NOL of
◦ $0.
◦ ($24,350).
◦ ($14,000).
◦ ($20,000).

Question 2

Which of the following expenses or losses could create a net operating loss for an individual taxpayer?
◦ large losses on sales of investment assets
◦ an operating loss from a sole proprietorship
◦ large charitable contributions
◦ All of these


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Marked as best answer by Cooldude101 on Sep 13, 2020

phuda

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Cooldude101

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


dantucker

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Reply 3 on: Yesterday
Excellent

 

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