Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 2014, Tim, a single taxpayer, has ordinary income of $30,000. In addition, he has $2,000 in short-term capital gains, long-term capital gains, long-term capital
In 2014, Tim, a single taxpayer, has ordinary income of $30,000. In addition, he has $2,000 in short-term capital gains, long-term capital gains, long-term capital losses of $5,000, and long-term capital gains of $4,000. What is Tim's AGI for 2014?
A. $28,000
B. $11,093
C. $11,713
D.$16,093
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started