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Emily who is single; sustains an NOL of $7,800 in 2015. The loss is carried back to. For 2013, Emily's income tax information was as
Emily who is single; sustains an NOL of $7,800 in 2015. The loss is carried back to. For 2013, Emily's income tax information was as follows: Adjusted income2013 $ 38,200 Itemized deduction Medical $ 1,035 Taxes 6,100 Interest 11,000 (18,135) Personal exemption (3,900) Taxable income $ 16,165 As a result pf the carry back what Emilys recomputed adjusted gross income and her recomputed taxable income?
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