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COMPREHENSIVE PROBLEM 1:5-61 Betty incurs the following transactions during the current year. Without considering the transactions, her 2017 AGI is $40,000. Analyze the transactions and

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COMPREHENSIVE PROBLEM 1:5-61 Betty incurs the following transactions during the current year. Without considering the transactions, her 2017 AGI is $40,000. Analyze the transactions and answer the following questions: On March 10, 2017, she sells a painting for $2,000. Betty is the artist, and she com- pleted the painting in 2012. Her basis for the painting is $50. . On lune 18, 2017, she receives $28,500 from the sale of stock purchased by her uncle in 2002 for $10,000, which she inherited on February 20, 2017, as a result of hetr uncle's death. The stock's FMV on that date is $30,000. . On July 30, 2017, she sells land for $25,000 that was received as a gift from her brother pril 8, 2017, when the land's FMV was $30,000. Her brother purchased the land for $43,000 on October 12, 2009. No gift tax was paid. a. What is her NSTCL or NSTCG? b. What is her NLTCL or NLTCG? c. What is the effect of capital gains and losses on her AG? d. What is her capital loss carryforward to the next year

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