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Joanie is an unmarried investor who has $ 5 7 5 , 0 0 0 in allowable deductions and losses. Her income is $ 2

Joanie is an unmarried investor who has $

575, 000

in allowable deductions and losses. Her income is $

250, 000 .

She has no other businesses. This puts her Net Operating Loss

(

NOL

)

for the following year at:

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