Wu,who is single,has the following items for 2016:
Salary
$25,000
Interest income
8,000
Itemized deductions ($27,000 attributable to casualty loss)
(32,000)
What is Wu's net operating loss for 2016?
A) $0
B) ($1,000)
C) ($2,000)
D) ($7,000)
E) None of the above
Correct Answer:
Verified
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