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Erin has $42,000 AGI without considering the following information. During the year, she incurs a LTCL of $11,000 and has a gain of $19,000 due
Erin has $42,000 AGI without considering the following information. During the year, she incurs a LTCL of $11,000 and has a gain of $19,000 due to the sale of a capital asset held for more than a year. Read the requirements. Requirement a. If the $19,000 gain is not properly classified as a LTCG (i.e., is improperly treated as an ordinary gain), determine Erin's AGI. Erin's AGI Requirements a. If the $19,000 gain is not properly classified as a LTCG (i.e., is improperly treated as an ordinary gain), determine Erin's AGI. b. If the $19,000 gain is properly classified as a LTCG, determine her AGI. c. If Erin has a $4,000 STCL carryover from earlier years, how would the answers to Parts a and b be affected? Print Print Done Done
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