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need help with 49 mine to which years the 2019 NOL should be applied. 47. LO.1, 3 Nell, single and age 38, had the following

need help with 49
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mine to which years the 2019 NOL should be applied. 47. LO.1, 3 Nell, single and age 38, had the following income and expense items in 2019: 3,000 Nonbusiness bad debt $ 6,000 Business bad debt 2,000 Nonbusiness long-term capital gain 4,000 Nonbusiness short-term capital loss Salary 50,000 Interest income 3,000 Determine Nell's AGI for 2019. 48. LO.1, 4 Assume that in addition to the information in Problem 47, Nell had the fol- lowing items in 2019: Personal casualty gain on an asset held for four months $10,000 Personal casualty loss on an asset held for two years 1,000 The casualty gains and losses are net of the $100-per-event floor. Determine Nell's AGI for 2019. 49. 10.1,4,7 Assume that in addition to the information in Prokplems 47 and 48, Nell had the following items in 2019: Personal casualty loss on an asset held for five years $60,000 (casualty was in a Federally declared disaster area) Interest expense on home mortgage The casualty loss is net of the $100-per-event floor. Determine Nell's taxable income and NOL for 2019. A 15,000 28 W FVO Fil F7 FB F9 F5 F6 A % &

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