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Adrian has a 2020 Form 4797, line 9 gain of $56,000. He also has one transaction on his 2020 Form 1040 Schedule D, Part Ia

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Adrian has a 2020 Form 4797, line 9 gain of $56,000. He also has one transaction on his 2020 Form 1040 Schedule D, Part Ia loss of $58,000. What is Adrian's AGt from these events? Refer to Form 4797 and Schedule D. Line 9 of the 2020 Form 4797 is the net 51231 gain that is treated as a . Therefore, the $56,000 carries to line 11 of the 2020 Form 1040 , Schedule D, where it results in a net of $56,000. That g ain is then by the Part I $58,000 , leaving a net of $ This results in a of $ from these events

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