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Nora, Single, Reports the Following Income and Deductions for 2019

Question 110

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Nora, single, reports the following income and deductions for 2019: §1244 stock loss (18,000) Itemized deductions (4,000) Business capital loss (2,000) Business capital gain 1,000\begin{array} { l r } \S 1244 \text { stock loss } & ( 18,000 ) \\\text { Itemized deductions } & ( 4,000 ) \\\text { Business capital loss } & ( 2,000 ) \\\text { Business capital gain } & 1,000\end{array}  Sales $50,000 Business expenses (100,000) Alimony received 30,000 Interest income 1,000 Dividends 2,000 Nonbusiness capital gains 4,000\begin{array} { l r } \text { Sales } & \$ 50,000 \\\text { Business expenses } & ( 100,000 ) \\\text { Alimony received } & 30,000 \\\text { Interest income } & 1,000 \\\text { Dividends } & 2,000 \\\text { Nonbusiness capital gains } & 4,000\end{array} §1244 stock loss (18,000) Itemized deductions (4,000) Business capital loss (2,000) Business capital gain 1,000\begin{array} { l r } \S 1244 \text { stock loss } & ( 18,000 ) \\\text { Itemized deductions } & ( 4,000 ) \\\text { Business capital loss } & ( 2,000 ) \\\text { Business capital gain } & 1,000\end{array} Compute Nora's net operating loss for 2019.

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