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Juan, married and filing jointly, had the following income and deductions for 2020. TAXPAYER JUAN TAX RETURN INFORMATION FOR TAX YEAR 2020 Sales $ 600,000
Juan, married and filing jointly, had the following income and deductions for 2020. TAXPAYER JUAN TAX RETURN INFORMATION FOR TAX YEAR 2020 Sales $ 600,000 Business Expenses W-2 Income Earned By Spouse C650,000) 35,000 Interest Income 3,000 Dividend Income 4,000 Nonbusiness Capital Losses Nonbusiness Capital Gains Taxes Paid on Personal Residence 15,000) 8,000 7,000) Interest Paid on Personal Residence 9,000) Juan has three dependent children. REQUIRED: Calculate Juan's net operating loss for 2020
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