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Magdalena reported the following amounts in her 2021 tax return Interest income $ 6,000 Salary 5,000 Loss from sole proprietorship (20,000) AGI (9,000) Standard deduction

Magdalena reported the following amounts in her 2021 tax return

Interest income

$ 6,000

Salary

5,000

Loss from sole proprietorship

(20,000)

AGI

(9,000)

Standard deduction

(12,550)

Taxable Income/(Loss)

($21,550)

Magdalena has generated an NOL of (show all work long form):

A) $0.

B) ($15,000).

C) ($20,000).

D) ($21,550).

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