LO.7 Xinran, who is married and files a joint return, owns a grocery store. In 2020 his gross sales were $276,000, and operating expenses were $320,000. Other items on his 2020 return were as follows:

Nonbusiness capital gains (short term) $20,000

Nonbusiness capital losses (long term) 9,000

Itemized deductions 18,000

Ordinary nonbusiness income 8,000

Salary from part-time job (spouse) 10,000

In 2020, Xinran provides the following information.

Net business income. 60,000 dollars.

Salary, spouse. 25,000.

Interest income. 2,000.

Adjusted gross income. 87,000 dollars.

Itemized deductions. Note, the 2019 married filing jointly standard deduction is 24,000 dollars. Xinrans itemized deductions will exceed the 2021 standard deduction, after adjustment for inflation. The medical expense A G I floor is scheduled to increase to 10 percent in 2021. Charitable contributions, cash, of 35,000 dollars, limited to 60 percent of A G I. 35,000 dollars. Medical expenses of 9,100 dollars, limited to the amount in excess of 10 percent of A G I, left parenthesis, 9,100 dollars, minus, 8,700 dollars, right parenthesis. 400. Total itemized deductions. 35,400 dollars.

Assume that the medical expense AGI floor is 10% in 2021 (it was 7.5% for 2017 through 2020).

What is Xinrans 2020 NOL?