Line 6—Nonbusiness
Deductions
Enter as a positive number deductions
that aren't connected with a trade or
business. They include:
• IRA deductions;
• Health savings account deduction;
• Archer MSA deduction;
• Deductions for payments on behalf of
a self-employed individual to a SEP,
SIMPLE, or qualified plan;
• Alimony paid;
• Most itemized deductions (except for
casualty and theft losses resulting from
a federally declared disaster and state
income tax on trade or business
income); and
• Standard deduction
$10K would seem correct.
another way to compute the NOL
the excess of business losses over business income (with nonbusiness income $12,800 and AGI $2,800 it would seem this number is $10,000
reduced by the excess, if any, of nonbusiness income over nonbusiness deductions. since nonbusiness income is $12,800 and nonbusiness deductions are $24,800, there is no reduction.
so your NOL is $10K
