Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2017, Lisa calculated a ($46,473) NOL on her Form 1045, Schedule A. Lisa wants to carryback her 2017 NOL to 2015. In 2015, Lisa

In 2017, Lisa calculated a ($46,473) NOL on her Form 1045, Schedule A. Lisa wants to carryback her 2017 NOL to 2015. In 2015, Lisa filed single, had no dependents, took the standard deduction, and her AGI reported on her Form 1040, line 37, was $63,196. Lisa's 2015 income tax was $9,013 and her 2015 self-employment tax was $9,608. Using Form 1045, pages 1 and 2, carryback Lisa's 2017 NOL to 2015 and calculate her refund.

$8,360.
$8,365.
$8,370.
$8,375.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions