Q. John files a return as a single taxpayer. In 2019, he had the following items:

• Salary of $30,000.

• Loss of $63,000 on the sale of Section 1244 stock acquired two years ago.

• Interest income of $8,000.

  In 2020, John again files a return as a single taxpayer and had the following items:

  Salary of $114,000 Loss of $55,000 on the sale of Section 1244 stock acquired three years ago. Capital gain of $22,000 on the sale of publicly traded stock purchased one year ago

  Determine Johns AGI for 2019 and 2020 (assume these are the only transactions, no other carryovers etc...) a. $0 and $56,000 b. $0 and $55,000 c. $8,000 and $64,00

  d. $38,000 and $64,000 e. None of a through d is correct