During 2017, James, a single, cash method taxpayer incurred the following expenditures (Click the icon to view the expenditures) (Click the icon to view the standard deduction schedule.) (Click the icon to view the schedule of personal and dependency exemption and phase-outs ) Requirement a. Compute James' taxable income for the year (assuming that he makes an election to have the net capital gain taxed at the regular tax rates). Begin by calculating the adjusted gross income (AGI). (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Adjusted gross income (AGI) Requirements Compute James' taxable income for the year (assuming that he makes an election to have the net capital gain taxed at the regular tax rates) What is James' investment interest carryover (if any)? a. b. Print Done Choose from any list or enter any nu Clear Al Check Answer remaining