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LO 16-4 22. Mr. Alm earned a $61,850 salary and recognized a $5,600 capital loss on the sale of corporate stock this year. Compute Mr.
LO 16-4 22. Mr. Alm earned a $61,850 salary and recognized a $5,600 capital loss on the sale of corporate stock this year. Compute Mr. Alm's AGI and any capital loss carryforward into future years in each of the following cases a. Mr. Alm had no other capital transactions this year b. Mr. Alm recognized a $12,250 capital gain on the sale of mutual fund shares c. Mr. Alm received an $8,000 capital gain distribution from a mutual fund and had a $3,900 capital loss carryforward from a previous year
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