Answer:
$170,000
Step-by-step explanation:
Gross income is $900,000
Add dividends which is $100,000
Total income is $900,000+$100,000=$1,000,000
Deductions is $1,1000,000.
Note that the deductions is less Dividends Received Deduction (DRD)
Additional deductions due to dividends
Add DRD of which will be 70% of the dividends received hence 0.7*$100,000= $70,000 since he owned 15% of a Fortune 500 corporation
Total deductions is $1,1000,000+$70,000=$1,170,000
Loss=1,1700,000-$1,000,000=$170,000
Total net loss is $170,000
