Phillis and Trey are married and file a joint tax return. For 2016, they have $21, 500 of nonbusiness capital gains, $8, 600 of nonbusiness capital losses, $2, 150 of interest income, and no itemized deductions. The standard deduction for married filing jointly is $12, 600 and the personal exemption for 2016 is $4, 050. Based on these transactions, to arrive at the NOL, Phillis and Trey's taxable income must be adjusted by $ . Phillis and Trey are married and file a joint tax return. For 2016, they have $21, 500 of nonbusiness capital gains, $8, 600 of nonbusiness capital losses, $2, 150 of interest income, and no itemized deductions. The standard deduction for married filing jointly is $12, 600 and the personal exemption for 2016 is $4, 050. Based on these transactions, to arrive at the NOL, Phillis and Trey's taxable income must be adjusted by $