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QUESTION 4 Capital Gains &Losses (12 points) Bill Smith had AGI of $85,000 before considering the following transactions during 2021: - Loss - Non Bus.

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QUESTION 4 Capital Gains &Losses (12 points) Bill Smith had AGI of $85,000 before considering the following transactions during 2021: - Loss - Non Bus. Bad Debt $3,200 - LTCG - Sale of Roku Stock 16,450 - LTCL Carry Forward From 2020 (7,650) - STCG - Sale of Amazon Stock 2,500 - STCL- Sale of Apple Stock (4,200) - STCL - Sale of AT&T (18,200) REQUIRED: - Compute the Revised AGI for 2021 - Compute any Capital Loss Carry Forward for 2022 (If Any). Indicate the Character of the Loss. SHOW YOUR COMPUTATIONS

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