48 Capital Gains and Losses. Consider the four independent situations below for an unmarried individual and analyze e effects of the capital gains and losses on the individuals AGI. For each case, determine AGI after considering the capital gains and losses. Situation 1 Situation 2 Situation 3 Situation 4 AGI $40,000 $50,000 $60,000 $70,000 STCG 6,000 2,000 5,000 6,000 STCL 2,000 5,000 4,000 15,000 LTCG 3,500 15,000 10,000 9,000 LTCL 2,500 4,000 12,000 4,000