Larry is the sole proprietor of a trampoline shop. During 2016, the following transactions occurred.

-Unimproved land adjacent to the store was condemned by the city on February 1. The condemnation proceeds were $15,000. The land, acquired in 1985, had allowable basis of $40,000. Larry has additional parking across the street and plans to use the condemnation proceeds to build his inventory.

$25,000 1231 loss

-A truck used to deliver trampolines was sold on January 2. 2016 for $3,500. The truck was purchased on January 2, 2010, for $6,000. On the date of sale, the adjusted basis was zero.

3500 Gain

-Larry sold an antique rowing machine at an auction. Net proceeds were $4,900. The rowing machine was purchased as used equipment 17 years ago for $5,200 and is fully depreciated.

4900 Gain

Larry sold an apartment building for $300,000 on September 1. The rental property was purchased on September 1, 2013, for $150,000 and was being depreciated over a 27.5-year life using the straight-line method. At the date of sale, the adjusted basis was $124,783..

$175,217 1231 Gain .... $0 1250 recapture is recognized....$25,217 amount of unrecaptured 1250?

-Larry's personal yacht was stolen on September 5. The yacht had been purchased in August at a cost of $25,000. The fair maret value immediately preceding the theft was $19,600. Larry was insured 50% of the original cost, and he received $12,500 on December 1.

There is a taxlossof $7000(before any AGI limitations) that is treated aspersonal casualty loss.

-Larry sold a Buick on May 1 for $9,600. The vehicle had been used exclusively for personal purposes. It was purchased on September 1, 2012, for $20,800.

There is alossof $11,200that is treated asnondeductible personal loss

-Larry's trampoline stretching machine (owed two years) was stolen on May 5, but the business's insurance company will not pay any of the machine's value because Larry failed to pay the insurance premium. The machine had a fair market value of $8,000 and an adjeusted basis of $6,000 at the time of the theft.

There is a taxlossof $6000that is treated asbusiness casualty loss.

Feedback

-Larry had AGI of $102,000 from sources other than those described above.

-Larry has no more nonrecaptured Section 1231 lookback losses.

What isLarry's 2016 AGI is $? and How did you get it?