Jack, Age 30 and Married with No Dependents, Is a Self-Employed

question 101

Multiple Choice

Jack, age 30 and married with no dependents, is a self-employed individual. For 2017, his self-employed business sustained a net loss from operations of $10,000. The following additional information was obtained from his personal records for the year: ​
Based on the above information, what is Jack's net operating loss for 2017 if he and his spouse file a joint return?

• A)($2,000)
• B)($8,000)
• C)($10,000)
• D)($11,000)
• E)($14,000)

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