In calculating tammys net operating loss and with respect, Ask an Expert

Accounting

Tammy has the following items for the current year:
Nonbusiness capital gains $10,000
Nonbusiness capital losses (2,000 )
Interest Income 7,000
Itemized deductions (none of the amount realized from a casualty loss) (9,000 )
In calculating Tammy's net operating loss, and with respect to the above amounts only, what amount must be added back to taxable income (loss)?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946382

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