Terry trooper, a single taxpayer, had the following transactions during 2019:

a. Sold 60 shares of Troy Corporation common stock on March 22, 2019, for $660. The stock was purchased on January 31, 2019, for $7 per share.

b. Sold family gemstones held for three years for $10,000. The gemstones had a cost and basis of $7,800.

c. Three-year note from his brother became worthless. The note was $750.

d. Stock in Tyler Corporation became worthless on December 20, 2019, when the corporation filed for bankruptcy.

The stock was purchased for $250 on June 30, 2019.

e. Received $200 from a renter to cancel a lease held on rental property.

What is Terry's taxable income if his only other income was salary, net rental income and interest totaling $40,000? He has itemized deductions of $14,000 and no dependents.