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Jason, married and filing jointly, reports the following income for 2022: (10 Points) Salary 70,000 Loss on the sale of 1244 stock held for five
Jason, married and filing jointly, reports the following income for 2022: (10 Points) | ||
Salary | 70,000 | |
Loss on the sale of 1244 stock held for five years | (110,000) | |
Dividends | 25,000 | |
Interest income | 10,000 | |
Itemized deductions (no casualty losses) | (20,000) | |
Jason has four dependent children. Calculate his net operating loss for 2022. | ||
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