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During 2017, Grant receives a $45,000 salary and has no deductions for AGI. In 2016, Grant had a $5,500 STCL available and no other capital

During 2017, Grant receives a $45,000 salary and has no deductions for AGI. In 2016, Grant had a $5,500 STCL available and no other capital losses or capital gains. Consider the following sales. An automobile purchased in 2012 for $11,200 and held for personal use is sold for $8,000. On April 10, 2017, stock held for investment is sold for $32,000. The stock was acquired on November 20, 2016, for $16,000. Salary? Net short-term capital gain (loss)? Net long-term capital gain (loss)? and total AGI? Assume that the 2016 STCL of $5,500 is before Grant has taken any capital loss deduction in 2016.

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