Robin Moore, a self-employed taxpayer, reported the following information for 2007:
|
Income: |
Dividends from investments |
$ 500 |
|
Net short-term capital gain on sale of investment |
1,000 |
|
|
Deductions: |
Net loss from business |
(6,000) |
|
Personal exemption |
(3,400) |
|
|
Standard deduction |
(5,350) |
What is the amount of Moore’s net operating loss for 2007?
- $4,500
- $5,000
- $6,000
- $9,850