omalys4702 omalys4702
  • 06-06-2023
  • Business
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In 2020, S and M (under 65, good vision, MFJ) have wages of $125,000. In addition, M started a sole proprietor and had business income of $65,000. His business expenses were $225,000. They also have dividend income of $3,500. Calculate their taxable income (Loss) and their NOL.

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