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During 2019, Gill receives a $75,000 salary and has no deductions for AGI. In 2018, Gill had a $5,500 STCL and no other capital losses
During 2019, Gill receives a $75,000 salary and has no deductions for AGI. In 2018, Gill had a $5,500 STCL and no other capital losses or capital gains. Consider the following sales (Click the icon to view the sales.) Requirement Determine Gill's AGI for 2019. (Assume that the 2018 STCL of $5,500 is before Gill has taken any capital loss deduction in 2018. Complete all input fields. Enter a "0" for any zero-balances.) 2019 - X More Info 75000 Salary Net short-term capital gain (loss) Net long-term capital gain (loss) 0 An automobile purchased in 2014 for $21,800 and held for personal use is sold for $9,000 On April 10, 2019, stock held for investment is sold for $36,000. The stock was acquired on November 20, 2018, for $14,100. Total AGI Print Done
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