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Sarah, married-filing jointly (MFI) in 2021, reports the following items for the current year: Salary $150,000 Loss on sale of $1244 stock acquired 6 months
Sarah, married-filing jointly (MFI) in 2021, reports the following items for the current year: Salary $150,000 Loss on sale of $1244 stock acquired 6 months ago $40,000 Gain on sale of $1244 stock acquired 5 years ago $30,000 Loss on sale of stock acquired in exchange of services 2 years ago $110,000 Rent Income $5,000 What is Sarah's 2021 AGI and carryover capital loss, if applicable? AGI: $140,000; $0 carryover AGI: $35,000; $0 carryover AGI: $115,000; $80,000 carryover AGI: $145,000; $0 carryover AGI: $112,000; $77,000 carryover Sarah, married-filing jointly (MFI) in 2021, reports the following items for the current year: Salary $150,000 Loss on sale of $1244 stock acquired 6 months ago $40,000 Gain on sale of $1244 stock acquired 5 years ago $30,000 Loss on sale of stock acquired in exchange of services 2 years ago $110,000 Rent Income $5,000 What is Sarah's 2021 AGI and carryover capital loss, if applicable? AGI: $140,000; $0 carryover AGI: $35,000; $0 carryover AGI: $115,000; $80,000 carryover AGI: $145,000; $0 carryover AGI: $112,000; $77,000 carryover
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