John files a return as a single taxpayer. In 2017, he had the following items:

Salary of $40,000.

Loss of $65,000 on the sale of 1244 stock acquired two years ago.

Interest income of $6,000.

Please compute Johns AGI for 2017.

What is the special loss provision for section 1244 stock?

Do I get the ordinary loss treatment if I do not purchase directly from the small business corp?

Do married individuals have a different limitation amount in terms of how much loss they can take?

What happens if the section 1244 stock sold at a gain?

What happens to the loss above $50K?