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During the current year, Tim sells his personal use truck for $8000(adjusted basis of $7000) and excess stock for $2000 loss and she sold her
During the current year, Tim sells his personal use truck for $8000(adjusted basis of $7000) and excess stock for $2000 loss and she sold her jet ski for a loss of $1800. Carrie also sold a painting, acquired ten years ago, for a gain of $8000. What is Carrie's adjustment gross income for the year?
a. $78,000
b. $76,000
c. $74,000
d. $68,000
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