1. Provide a detailed calculation of the couples AGI

a. explain the rule for 1244 small business stock and how it applies to the facts

b. explain netting of capital items

c. explain the rules for worthless stock

d. explain the rule for the tax treatment of non business bad debt

2

a. what is the rule for calculating the amount of casualty loss

b. apply the rule to the facts and show a detailed calculation of the loss

c. which schedule does the casualty loss total appear on

ng term capital gainm iness bad debt completely destroyed an a urrieang whichi had been dclared a federal dfsaster arsa Atth e the cat had a fair markei val of $0.000 and an adjusted basis of S40,060 She used he recivod an ms rance recovery of$25 a tlo ofthe time for personal use