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1. Greg Brady, filing single with 1 dependent, had the following items for 2019: Salary $105,000 Long-term capital gain on sale of investment 13,250 Casualty

1. Greg Brady, filing single with 1 dependent, had the following items for 2019:

Salary

$105,000

Long-term capital gain on sale of investment

13,250

Casualty gain on personal property held 4 years

7,500

Stock acquired 4 years ago became worthless during the year

(4,500)

Loss on non-business bad debt that has been held for 8 years

(7,300)

Loss on sale of 1244 small business stock acquired 6 years ago

(62,500)

Casualty loss on long-term business property

(12,400)

Determine Gregs adjusted gross income for 2019.

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