question archive In 2018, Stephanie had total non-business income of $1,500
In 2018, Stephanie had total non-business income of $1,500
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In 2018, Stephanie had total non-business income of $1,500. Her 2018 adjustments and deductions include a deductible IRA contribution of $4,000, personal property taxes of $587, real estate tax of $1,831, mortgage interest of $9,914, and state tax withheld on wages $615. Using the adjustments and deductions listed above, compute Stephanie's net operating loss (NOL) non-business deductions in excess of nonbusiness income modification.
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