During 2023, Damon, who is single, receives a $50,000 salary and has no deductions for AGI. In 2022, Damon had a $4,000 short-term capital loss (STCL) and no other capital losses or capital gains. Consider the following sales.

- An automobile purchased in 2018 for $22,600 and held for personal use is sold for $6,000.

- On April 10, 2023, stock held for investment is sold for $28,000. The stock was acquired on November 20, 2022, for $7,700.

Requirement

Determine Damon's AGI for 2023. (Assume that the 2022 STCL of $4,000 is before Damon has taken any capital loss deduction in 2022.