Steve and Holly have the following items for the current year:
Dividend income
$8,000
Interest income
7,000
Itemized deductions (none of the amount resulted from a casualty loss)
(13,000)
Business capital gains
1,000
Business capital losses
(5,000)

In calculating their net operating loss,and with respect to the above amounts only,what amount must be added back to taxable income (loss)?

Question

Steve and Holly have the following items for the current year:
Dividend income
$8,000
Interest income
7,000
Itemized deductions (none of the amount resulted from a casualty loss)
(13,000)
Business capital gains
1,000
Business capital losses
(5,000)
​
In calculating their net operating loss,and with respect to the above amounts only,what amount must be added back to taxable income (loss)?

Quizplus · Accepted Answer

The Answer of Steve and Holly have the following items for the current year:
Dividend income
$8,000
Interest income
7,000
Itemized deductions (none of the amount resulted from a casualty loss)
(13,000)
Business capital gains
1,000
Business capital losses
(5,000)
​
In calculating their net operating loss,and with respect to the above amounts only,what amount must be added back to taxable income (loss)?

Steve and Holly Have the Following Items for the Current