Essentials of Federal Income Taxation (3. net operating Loss (NOL). (Obi, 1) Robin, a single taxpayer, has opened his own law off Life following summarizes the items included in Robin's 2019 negative taxable income Compute Robin's NOL. $54,500 Business income 2,300 Dividends and interest 1,800 Long-term capital gain (nonbusiness income) Total income $58,600 Business deductions $58,800 Itemized deductions 12,720 Total deductions (Negative) taxable income (71,520) $12,920