Tax Drill - Adjustments to Arrive at NOL

For 2017, Brian and Erin have $1,800 of nonbusiness capital gains, $4,000 of nonbusiness capital losses, $2,700 of interest income, $18,200 of itemized deductions (none of which are personal casualty and theft losses), $6,500 of business capital losses, and $2,600 of business capital gains. They file a joint tax return.

Based on these transactions, to arrive at the NOL, Brian and Erin's taxable income must be adjusted by $. ____?

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A net operating loss (NOL) in a particular tax year would produce no tax benefit if the Code did not provide for the carryback and carryforward of such losses to profitable years. To provide partial relief from this inequitable tax treatment, a deduction is allowed for NOLs.