Question
For each case, determine AGI after considering the capital gains and losses. For each case, determine the net short-term capital gain (NSTCG) or net short-term
For each case, determine AGI after considering the capital gains and losses.
For each case, determine the net short-term capital gain (NSTCG) or net short-term capital loss (NSTCL), the net long-term capital gain (NLTCG) or net long-term capital loss (NLTCL), and then the AGI after considering the capital gains and losses. (Use a minus sign or parentheses to enter a loss.)
| Situation 1 | Situation 2 | Situation 3 | Situation 4 |
AGI (excluding property | ||||
transactions) | $100,000 | $90,000 | $50,000 | $30,000 |
STCG | 6,500 | 2,000 | 4,000 | 8,000 |
STCL | 4,000 | 8,000 | 2,000 | 22,000 |
LTCG | 4,000 | 15,000 | 11,000 | 10,500 |
LTCL | 1,500 | 5,000 | 13,500 | 5,000 |
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