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Business, 14.11.2019 22:31 skatelife8974

Ralph is single and has the following items for the current year:

nonbusiness capital gains $ 9,000
nonbusiness capital losses (3,000)
interest income 6,000
itemized deductions (none of the amount resulted from a casualty loss) (10,000)

in calculating ralph's net operating loss, and with respect to the above amounts only, what amount must be added back to taxable income (loss)?
a. $4,000
b. $0
c. $3,000
d. $2,000
e. none of these choices are correct.

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Answers: 1

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Ralph is single and has the following items for the current year:

nonbusiness capital...
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