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Question 9 of 15. In 2015, Jimmy calculated a ($22,964) NOL on his Form 1045, Schedule A. He carried his 2015 NOL back to 2013
Question 9 of 15. In 2015, Jimmy calculated a ($22,964) NOL on his Form 1045, Schedule A. He carried his 2015 NOL back to 2013 and was able to deduct a portion of his 2015 NOL in 2013. In 2013, Jimmy filed single, had no dependents, took the standard deduction, and his taxable income before 2015 NOL carryback was $18,194. Besides a personal exemption, Jimmy does not have modifications to income. Using Form 1045, Schedule B, compute Jimmy's NOL carryover. o $870 O $8,670 O $37,258 O $45,058 Mark for follow up Question 10 of 15. in 2015, Wendy calculated a ($18,821) NOL on her Form 1045, Schedule A. She carried her 2015 NOL back to 2013 and was able to deduct a portion of her 2015 NOL in 2013. In 2013, Wendy filed single, had no dependents, took the standard deduction, and her taxable income before 2015 NOL carryback was $12,715. Besides personal exemption, Wendy does not have modifications to income. Using Form 1045, Schedule B, compute Wendy's NOL carryover. $2,206 O $10,006 o $35,436 Mark for follow up
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