Net Operating Loss Deduction . Michelle and Mark are married and file a joint return. Miche lle owns
Net Operating Dropping Deduction . Michelle and Mark are married and rasp a knee repay. Miche lle owns an unincorporated dental exercise . Mark works part-age as a eminent school math instructor, and spends the residue of his age caring for their daughter. During 2019, they recital the following items:
a. What is Miche lle and Mark's taxable allowance or dropping for the year?
b. What is Miche lle and Mark's NOL for the year?