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Miluska, who is single, had the following items for 2016: $80,000 (60,000) (15,000) Stock acquired 2 years ago became worthless during the year 25,000 Long-term
Miluska, who is single, had the following items for 2016: $80,000 (60,000) (15,000) Stock acquired 2 years ago became worthless during the year 25,000 Long-term capital gain (9,000) Nonbusiness bad debt Miluska had a car accident during the year in which his car was completely destroyed. At the time of the accident, the car had a fair market value ofS30,000 and an adjusted basis ofS40,000. She used the car 100% of the time for personal use. She received an insurance recovery of S21,000
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