Janice,single,had the Following Items for the Year 2016

question 81

Multiple Choice

Janice,single,had the following items for the year 2016:
Salary
$30,000
Dividend income
8,000
Loss on § 1244 small business stock held for three years
(45,000)
Total itemized deductions
(5,000)
​
Determine Janice's net operating loss for the year 2016.

• A)($12,000)
• B)($15,000)
• C)($17,350)
• D)($20,000)
• E)None of the above