During the current year, Tucker had the following personal casualty gains and losses (after deducting the $100 floor): Asset Holding Period Gain or (Loss) Asset 1 18 months ($15,900) Asset 2 2 months 9,540 Asset 3 3 years 19,875 What are the tax consequences of these items to Tucker? of $ . Therefore, he treats all of the gains As a result of these transactions, Tucker has net personal casualty gain and losses as capital gains and losses. Emily, who is single, sustains an NOL of $9,560 in 2021. The loss is carried forward to 2022. For 2022, Emily's income tax information before taking into account the 2021 NOL is as follows: Adjusted gross income $47,800 Itemized deductions*: Medical ($5,736 - (7.5% x $47,800)] $2,151 Taxes 7,170 Interest expense on home mortgage 14,340 (23,661) Taxable income $24,139 * The 2021 single standard deduction is $12,550; Emily's itemized deductions will exceed the 2022 single standard deduction (after adjustment for inflation). How much of the NOL carryforward can Emily use in 2022, and what is her adjusted gross income and her taxable income? Emily may use of the NOL, resulting in adjusted gross income of $ and taxable income During the current year, Tucker had the following personal casualty gains and losses (after deducting the $100 floor): Asset Holding Period Gain or (Loss) Asset 1 18 months ($15,900) Asset 2 2 months 9,540 Asset 3 3 years 19,875 What are the tax consequences of these items to Tucker? of $ . Therefore, he treats all of the gains As a result of these transactions, Tucker has net personal casualty gain and losses as capital gains and losses. Emily, who is single, sustains an NOL of $9,560 in 2021. The loss is carried forward to 2022. For 2022, Emily's income tax information before taking into account the 2021 NOL is as follows: Adjusted gross income $47,800 Itemized deductions*: Medical ($5,736 - (7.5% x $47,800)] $2,151 Taxes 7,170 Interest expense on home mortgage 14,340 (23,661) Taxable income $24,139 * The 2021 single standard deduction is $12,550; Emily's itemized deductions will exceed the 2022 single standard deduction (after adjustment for inflation). How much of the NOL carryforward can Emily use in 2022, and what is her adjusted gross income and her taxable income? Emily may use of the NOL, resulting in adjusted gross income of $ and taxable income