Question

Question 64 of 75. In 2018, Marilyn had total nonbusiness income of $1.250. Her 2018 adjustments and deductions include: • De
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer is option B

B. $10192

Non business deduction = deductible IRA contribution + property taxes +real estate tax +mortgage interest + charitable contribution = 4000+1083+1831+3914+614 = 11442

NOL Nonbusiness deduction excess of Nonbusiness income = 11442-1250 = $10192

Add a comment
Know the answer?
Add Answer to:
Question 64 of 75. In 2018, Marilyn had total nonbusiness income of $1.250. Her 2018 adjustments...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • in 2018 marilyn had total nonbusiness income of $1,250. her 2018 adjustments and deductio As an...

    in 2018 marilyn had total nonbusiness income of $1,250. her 2018 adjustments and deductio As an du For the carryover or carryforward year Mark for follow up Question 61 of 75. Partnership and S corporation returns can: Carry their NOLS back ten years. No cury VOLS back or forward wave a chce of carrying their NOLS forward two, ten, or twenty years. O Carry forward their NOLS 15 years. O Mark for follow up Question 62 of 75. In 2018,...

  • In 2017 Maryland hand total non business income of $1250 heard 2017 adjustments and deductions include...

    In 2017 Maryland hand total non business income of $1250 heard 2017 adjustments and deductions include did not enable RA contributions of $4000 property taxes of $1083 real estate tax of $1831 mortgage interest of $3914 employee business expenses of $874 charitable contributions of $614 using the adjustments and deductions listed above compute the net operating loss non his nose deductions in excess of non business income modifications A. $6192 B $10192 C $10452 D. $11066

  • in 2017 Laura had total non-business income of $2840. Or 2017 adjusted and deductions included. deductible...

    in 2017 Laura had total non-business income of $2840. Or 2017 adjusted and deductions included. deductible IRA contributed of $3500 property taxes of 1456 Real estate taxes are $1045 mortgage interest of 2835 employee business expense of $623 charitable contribytions of $614 using the adjustments and adoptions listed above compute the net operating loss non-business deduction in XL of non-business income modification. 1. 3110 2. 4956 3. 6610 4 7233.

  • help me with 15-20 and also the schedule 1 form with the blanks that have 10,...

    help me with 15-20 and also the schedule 1 form with the blanks that have 10, 21, 22, 31a, and 36 Note: This problem is for the 2018 tax year. Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2016. Alfred and Beulah will file a joint return for 2018. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "old" as her married name. They live at 211 Brickstone...

  • complete a 1040 (2019) Donna Jones, an administrative assistant. resides at 123 Main Street, Lawrenceville, NJ...

    complete a 1040 (2019) Donna Jones, an administrative assistant. resides at 123 Main Street, Lawrenceville, NJ V0048. She is single and has no dependents. Her social security number is 123-44-5500. She received $26,159.00 in wages and had $2.200.00 of federal income tax withheld during 2019. Donna also had $390.00 in interest income from her bank account and made $150.00 of charitable contributions during the year. Prepare her 2019 1040. One box UTU Treasury Internal Revenue Service ) U.S. Individual Income...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT