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Wis single. The following amounts were reported on her 2020 income tax return: Wages $40,000, net loss from a sole proprietorship ($70,000), a net long-term

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Wis single. The following amounts were reported on her 2020 income tax return: Wages $40,000, net loss from a sole proprietorship ($70,000), a net long-term capital gains from selling stock $10,000, dividend income $5,000, interest income $4,000, itemized deductions as follows: interest to purchase her home, ($20,000), state income tax ($8,000). and medical expenses ($15,000). W also had a net loss of ($30,000) from selling 1244 stock. Taxable income shown on the return was a negative ($84,000). Not included in taxable income was $1,000 of tax-exempt interest income. Using this information, you are to calculate W's net operating loss. NOL - ($41,000) NOL = ($30,000) NOL - ($84,000) The correct answer is not shown NOL = ($60,000)

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