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This year, Linda Moore earned a $112,000 salary and $2,200 interest income from a jumbo Certificate of Deposit. She recognized a $15,300 capital loss on

This year, Linda Moore earned a $112,000 salary and $2,200 interest income from a jumbo Certificate of Deposit. She recognized a $15,300 capital loss on the sale of undeveloped land. Compute Lindas AGI and any capital loss carryforward into future years in each of the following cases.

A. She also recognized a $10,500 capital gain from the sale of corporate stock.

B. She also received a $16,000 capital gain distribution from a mutual fund.

C. She had no other capital transactions this year but has a $17,000 capital loss carryforward from a previous year.

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