Computation of Taxable Income . During 2019, James, a single, cash method taxpayer incurred the…


Computation of Taxable Proceeds . During 2019, James, a single, coin system taxpayer incurred the forthcoming expenditures:

James' proceeds consisted of the forthcoming items:

a. Compute James' taxable proceeds for the year (stiff that he makes an preference to entertain the nee chief produce taxed at the methodic tax races).

b. What is James ' cannonade cause carryover (if any)?