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Mable and Jack file a joint return. For the current year, they had the following items: Salaries $90,000 Loss on sale of 1244 stock acquired
Mable and Jack file a joint return. For the current year, they had the following items: Salaries $90,000 Loss on sale of 1244 stock acquired two years ago $105,000 Gain on sale of 1244 stock acquired six months ago $20,000 Nonbusiness bad debt $19,000 Determine their AGI for the current year.
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