I:13-33 Sec. 1231 Gains and Losses. Vivian’s AGI is $40,000 without considering the gains and losses below. Determine her revised AGI after the inclusion of any applicable gains or losses for the following independent cases. Assume she has no nonrecaptured net Sec.

1231 losses at the beginning of the year.

Case A Case B Case C Case D Sec. 1231 gain $19,000 $10,000 $30,000 $ 5,000 Sec. 1231 loss 5,000 22,000 39,000 12,000 LTCG –0– –0– 6,300 –0–

LTCL –0– –0– –0– 4,200