Question
For the current year, David has salary income of $125,000 and the following property transactions: Stock investment sales Long-term capital gain $ 9,000 Short-term capital
For the current year, David has salary income of $125,000 and the following property transactions:
| Stock investment sales |
|
| Long-term capital gain | $ 9,000 |
| Short-term capital loss | (19,500) |
| Gain on sale of camper (purchased 4 years ago and used for family vacations) | 8,000 |
What is Davids AGI for the current year?
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ISE Managerial Accounting For Managers
Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison
5th Edition
1260570010, 9781260570014
