Review Examples 50 and 52 in the text. In both examples, the taxpayer's AGI is $129,400 even

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Review Examples 50 and 52 in the text. In both examples, the taxpayer's AGI is $129,400 even though in Example 52 there is $700 of non-recaptured § 1231 loss from 2014. Explain why the two AGI amounts are the same?
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South Western Federal Taxation 2016 Comprehensive

ISBN: 9781305395114

39th Edition

Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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