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1. Joshua, a head of household, has income and expenses from the following sources for 2019: $ 9,500 6,000 Net loss from his small business
1. Joshua, a head of household, has income and expenses from the following sources for 2019: $ 9,500 6,000 Net loss from his small business Wages from unrelated business Interest income Itemized deductions How much is Joshua's net operating loss, if any? How is any net operating loss treated? 8,000 7,500 2. Randi incurred the following expenses in operating her personal car that was also used in her sole proprietorship. The car was driven 16,000 miles during the year 2019: Variable expenses including fuel, maintenance, etc $5,300 Fixed expenses including insurance, depreciation, etc. 2,900 Interest on loan secured by the automobile 560 Business related parking and tolls 25 Randi drove this vehicle 3,400 business miles during the year. This is the first year that the auto is used in the business. What is her deduction for the business use of this automobile
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