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Before considering their capital gains and losses, Mr. and Mrs. R had $128,000 AGI. For each of the following cases, compute their AGI. a) On
- Before considering their capital gains and losses, Mr. and Mrs. R had $128,000 AGI. For each of the following cases, compute their AGI.
a) On May 8, they recognized an $8,900 short-term capital gain. On June 25, they recognized a $15,000 long-term capital loss.
b) On February 11, they recognized a $2,100 long-term capital gain. On November 3, they recognized a $1,720 long-term capital loss.
c) On April 2, they recognized a $5,000 long-term capital loss. On September 30, they recognized a $4,800 short-term capital loss.
d) On January 12, they recognized a $5,600 short-term capital loss. On July 5, they recognized a $1,500 long-term capital gain.
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