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Business, 08.03.2021 19:40 Daisy254

Julie, a single taxpayer, has completed her 2018 Schedule C and her net loss is $40,000. Her only other income is wages of $30,000. Julie takes the standard deduction of $12,000 in 2018. a. Calculate Julie's taxable income or loss
b. Calculate the business and nonbusiness portions of her taxable income or loss.
Business: $ (loss)
Nonbusiness: $(loss)
c. Determine Julie's 2018 NOL.
$

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Julie, a single taxpayer, has completed her 2018 Schedule C and her net loss is $40,000. Her only ot...

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