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    #1

    Net operating loss

    Check me on this please as I seem to get 2 diff #'s. h&w both 65 using standard ded of 14800. rnd #'s are Int and div 9000, cgdistribution 2400, pension 21000, rental 4234. Loss from sale of rental 28000 on line 14 from 4797. What kind of NOL do you come up with? many thanks
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    #2
    No NOL

    The income is $36,634. The loss is $28,000. As the income is greater than the loss there is no NOL. If the loss was say $40,000 then there would be an NOL and you would get involved with using the standard deduction to offset some investment income.

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