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Taxpayer G had the following items of income and loss in 2019: Wages $28,000 Nonbusiness bad debt 1,000 Gain on commodity futures held 14 months

Taxpayer G had the following items of income and loss in 2019:

Wages

$28,000

Nonbusiness bad debt

1,000

Gain on commodity futures held

14 months

1,000

Loss on stock purchased in 2000

800

Flood loss on personal residence

owned since 2002 and located

in a federally declared disaster area

4,500

Gain on stock held 13 months

4,500

Determine the overall result of the transactions.

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