Question
During 2018, Gary receives a $ 90 comma 000 salary and has no deductions for AGI. In 2017, Gary had a $ 5 comma 000
During 2018, Gary receives a $ 90 comma 000 salary and has no deductions for AGI. In 2017, Gary had a $ 5 comma 000 STCL and no other capital losses or capital gains. Consider the following sales. LOADING...(Click the icon to view the sales.) Requirement Determine Gary's AGI for 2018. (Assume that the 2017 STCL of $ 5 comma 000 is before Gary has taken any capital loss deduction in 2017. Complete all input fields. Enter a "0" for any zero-balances.) 2018 Salary
Net short-term capital gain (loss)
Net long-term capital gain (loss)
Total AGI
An automobile purchased in
20132013
for
$ 20 comma 500$20,500
and held for personal use is sold for
$ 7 comma 000$7,000.
On April 10,
20182018,
stock held for investment is sold for
$ 21 comma 000$21,000.
The stock was acquired on November 20,
20172017,
for
$ 9 comma 300$9,300.
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