Ralph is single and reports the following items for 2019:
Nonbusiness capital gains$ 9,000
Nonbusiness capital losses(3,000)
Interest income6,000
Itemized deductions (none of the amount resulted from a casualty loss)(10,000)
?
In calculating Ralph’s net operating loss and with respect to these amounts only, what amount must be added back to taxable income (loss)?
A. $0
B. $200
C. $2,000
D. $3,000
E. None of these.
Answer: B
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