Ellie's AGI is $48,000 without considering the gains and losses below. Assume she has no nonrecaptured net Sec. 1231 losses at the beginning of the year. Review the following four independent cases. View the four independent cases. Requirement Determine her revised AGI after the inclusion of any applicable gains or losses for each of the independent cases. Cases Ellie's AGI is $48,000 without considering the gains and losses below. Assume she has no nonrecaptured net Sec. 1231 losses at the beginning of the year. Review the following four independent cases. View the four independent cases. Requirement Determine her revised AGI after the inclusion of any applicable gains or losses for each of the independent cases. Cases