Question
has Adjusted gross income (AGI) without considering the following information. During the year, she incurs a long-term capital loss (LTCL) of and has a gain
has Adjusted gross income (AGI) without considering the following information. During the year, she incurs a long-term capital loss (LTCL) of and has a gain of due to the sale of a capital asset held for more than a year. Read the requirements.LOADING... Question content area bottom Part 1 Requirement a. If the gain is not properly classified as a long-term capital gain (LTCG) (i.e., is improperly treated as an ordinary gain), determine 's AGI. Ella's AGI $63,000 Part 2 Requirement b. If the gain is properly classified as an LTCG, determine her AGI. Ella's AGI $51,000 Part 3 Requirement c. If has a short-term capital loss (STCL) carryover from earlier years, how would the answers to Parts a and b be affected?
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