Chapter 9 Homework Question 3

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Chapter 9 Homework Question 3

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Chapter 9 Homework

3.  Michelle and Mark are married and file a joint return. Michelle owns an unincorporated dental practice.

Mark works​ part-time as a high school math​ teacher, and spends the remainder of his time caring for their daughter. During 2020​, they report the following​ items:

What is Michelle and Mark​’s taxable income or loss for the​ year?

What is Michelle and Mark​’s NOL for the​ year?

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This question is taken from Accounting 015 – Tax Accounting I » Spring 2021 » Chapter 9 Homework