Question
In 2018, Tim, a single taxpayer, has ordinary income of $29,000. In addition, he has $2,000 in short-term capital gains, long-term capital losses of $10,000,
In 2018, Tim, a single taxpayer, has ordinary income of $29,000. In addition, he has $2,000 in short-term capital gains, long-term capital losses of $10,000, and long-term capital gains of $4,000. What is Tims AGI for 2018?
a. $26,000
b. $27,000
c. $29,000
d. $32,000
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Auditing
Authors: Alan Millichamp, John Taylor
12th Edition
1473778999, 9781473778993
