Jason, married and filing jointly, reports the following income for 2019: $\begin{array}{lc}\text { Salary }&\$70,000\
\text { Loss on the sale of } \& 1244 \text { stock held }\
\text { for five years } & (110,000) \text { Dividends } \
& 25,000 \
\text { Interest income } & 10,000 \
\text { Itemized deductions (no casualty losses) } & (20,000)
\end{array}$ Jason has four dependent children. Calculate his net operating loss for 2019.

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The Answer of Jason, married and filing jointly, reports the following income for 2019: $\begin{array}{lc}\text { Salary }&\$70,000\
\text { Loss on the sale of } \& 1244 \text { stock held }\
\text { for five years } & (110,000) \text { Dividends } \
& 25,000 \
\text { Interest income } & 10,000 \
\text { Itemized deductions (no casualty losses) } & (20,000)
\end{array}$ Jason has four dependent children. Calculate his net operating loss for 2019.

Jason, Married and Filing Jointly, Reports the Following Income for 2019