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If required, use the minus sign to indicate a negative AGI or a loss. a. Determine Mario's taxable income or loss for 2022. Feedback Check
If required, use the minus sign to indicate a negative AGI or a loss. a. Determine Mario's taxable income or loss for 2022. Feedback Check My Work The NOL provision is intended as a form of relief for business income and losses. Thus, only losses from the operation of a trade or business (or profession), casualty and theft losses, or losses from the confiscation of a business by a foreign government can create an NOL. b. Indicate which items are adjustments to taxable income or loss when computing an NOL. c. Determine Mario's NOL for 2022. Mario's NOL is \$ X
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