Nora receives a salary of $55,000 during the current year. She sells some land that she held as an investment at a (loss of $15,000) and some stock at a gain of $10,000. 1. Does Nora have a capital gain or a capital Loss? Gain or loss. 2. What is Nora's adjusted gross income for the year on the 1040 line 8b 99 a $ 50,000 100 b $ 52,000 101 C $ 55,000 102 d $ 62,000 103 e 1$ 65,000