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Jelly Inc. generated a $169,000 ordinary loss from operations this year. In addition, it recognized $35,920 recaptured ordinary income, $18,000 net Section 1231 loss, and
Jelly Inc. generated a $169,000 ordinary loss from operations this year. In addition, it recognized $35,920 recaptured ordinary income, $18,000 net Section 1231 loss, and $125,750 net capital gain on the sale of assets. Compute Jelly's net operating loss
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