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Becky, a single individual, reports the following taxable items in 2015: Gross income from business $ 93,000 Minus: Business expenses (105,000) = ($ 12,000) Interest

Becky, a single individual, reports the following taxable items in 2015:

Gross income from business $ 93,000

Minus: Business expenses (105,000)

= ($ 12,000)

Interest income 1,500

AGI = ($ 10,500)

Itemized deductions:

Interest expense $ 3,100

State Income Taxes 1,900

Casualty 3,000

Total itemized deductions ( 8,000)

Minus:

Personal exemption ( 4,000)

Taxable income ($22,500)

What is Becky's NOL for the year?

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