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For the current year, David has wages of $80,000 and the following property transactions: Stock investment sales Long-term capital gain $ 9,000 Short-term capital loss
For the current year, David has wages of $80,000 and the following property transactions:
Stock investment sales
Long-term capital gain $ 9,000
Short-term capital loss (12,000)
Loss on sale of camper (purchased four years ago and used for family vacations) (2,000)
What is Davids AGI for the current year?
a. $76,000. b. $77,000. c. $78,000. d. $89,000.
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