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Theresa and Sam, married filing jointly, and both over 65 years of age, have no dependents. Their 2019 income tax facts are: Theresa's wage $165,000
Theresa and Sam, married filing jointly, and both over 65 years of age, have no dependents. Their 2019 income tax facts are:
Theresa's wage | $165,000 |
Sam's wage | 33,000 |
short-term capital gain | 36,000 |
long-term capital loss | (41,000) |
What is their taxable income for 2019?
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