LO.2 Review Examples 4 and 6 in the text. In both examples, the taxpayers AGI is $129,400
Question:
LO.2 Review Examples 4 and 6 in the text. In both examples, the taxpayer’s AGI is
$129,400 even though in Example 6 there is $700 of nonrecaptured § 1231 loss from 2011. Explain why the two AGI amounts are the same.
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Related Book For 
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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