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An automobile purchased in 2014 for $22,200 and held for personal use is sold for $8,000. On April 10, 2019, stock held for investment is

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An automobile purchased in 2014 for $22,200 and held for personal use is sold for $8,000. On April 10, 2019, stock held for investment is sold for $36,000. The stock was acquired on November 20, 2018, for $8,500. During 2019, Greg receives a $70,000 salary and has no deductions for AGI. In 2018, Greg had a $4,500 STCL and no other capital losses or capital gains. Consider the following sales. (Click the icon to view the sales.) Requirement Determine Greg's AGI for 2019. (Assume that the 2018 STCL of $4,500 is before Greg has taken any capital loss deduction in 2018. Complete all input fields. Enter a "0" for any zero-balances.) 2019 Salary Net short-term capital gain (loss) Net long-term capital gain (loss) Total AGI An automobile purchased in 2014 for $22,200 and held for personal use is sold for $8,000. On April 10, 2019, stock held for investment is sold for $36,000. The stock was acquired on November 20, 2018, for $8,500. During 2019, Greg receives a $70,000 salary and has no deductions for AGI. In 2018, Greg had a $4,500 STCL and no other capital losses or capital gains. Consider the following sales. (Click the icon to view the sales.) Requirement Determine Greg's AGI for 2019. (Assume that the 2018 STCL of $4,500 is before Greg has taken any capital loss deduction in 2018. Complete all input fields. Enter a "0" for any zero-balances.) 2019 Salary Net short-term capital gain (loss) Net long-term capital gain (loss) Total AGI

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