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LO.7 Emily, who is single, sustains an NOL of $7,800 in 2023 . The loss is carried forward to 2024. For 2024, Emilys income tax

image text in transcribed LO.7 Emily, who is single, sustains an NOL of $7,800 in 2023 . The loss is carried forward to 2024. For 2024, Emilys income tax information before taking into account the 2023 NOL is as follows: *The 2023 single standard deduction is $13,850; Emily's itemized deductions will exceed the 2024 single standard deduction (after adjustment for inflation). Details How much of the NOL carryforward can Emily use in 2024, and what is her adjusted gross income and her taxable income

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