Soong, single and age 32, had the following items for the tax year 2016:

a. Salary of $30,000.

b. Interest income from U.S. government bonds of $2,000.

c. Dividends from a foreign corporation of $500.

d. Sale of small business 1244 stock on October 20, 2016, for $20,000. The stock had been acquired two years earlier for $65,000.

e. Business bad debt of $4,000.

f. Nonbusiness bad debt of $5,000.

g. Sale of small business 1244 stock on November 12, 2016, for $4,000. The stock had been acquired on June 5, 2016, for $800.

h. Sale of preferred stock on December 4, 2016, for $40,000. The stock was acquired four years ago for $18,000.

i. Total itemized deductions of $25,000 (no casualty or theft).

If required, use the minus sign to indicate a negative AGI or taxable loss.

Salary		$30,000
Interest and Dividends		$2,500
Less: Ordinary Loss on 1244 Stock		$45,000
Less: Business Bad Debt		$4,000
Net Short-Term Capital Loss	$
Net Long-Term Capital Gain	$22,000
Net Capital Gain		$
Adjusted Gross Income		$
Less: Itemized Deductions		$25,000
Less: Personal Exemption		$
Taxable Income/Loss		$

Determine Soong's NOL for 2016. If required, use the minus sign to indicate a loss. If an amount is zero, enter "0".

Taxable Income/Loss	$
Personal Exemption	$
Excess of nonbusiness deductions over nonbusiness income plus net nonbusiness capital gains	$
Net Operating Loss For 2016	$