Jennifer, who is single, has the following items of income and deduction for 2007:
|
Salary |
$30,000 |
|
Itemized deductions (all attributable to a personal casualty loss when a hurricane destroyed her residence) |
45,000 |
|
Personal exemption |
3,400 |
What is the amount of Jennifer’s net operating loss for 2007?
- $0
- $15,000
- $18,400
- $45,000