Edgar Edger had the following transactions for 2020: Salary $ 80,000 Alimony paid on 2010 divorce (4,000) Recovery from car accident Personal injury damages $40,000 Punitive damages 70,000 110,000 Gift from parents 20,000 Property sales Loss on sale of boat (used for pleasure and owned 4 years) ($4,000) Gain on sale of ADM stock (held for 10 months as an investment) 4,000 (0)

Describe the individual income tax treatment of each item, including income inclusion or exclusion, deductibility towards AGI, the amount of allowable itemized deductions, and calculate Edgar Edgers adjusted Gross Income (AGI) for 2018?