Valerie has an AGI of $60,000 without considering the sale of a nondepreciable asset for $31,000. The asset was acquired six years ago and has an adjusted basis of $36,000. She has no other sales or exchanges. Read the requirement. Determine her AGI for when the asset is a capital asset. When the asset is a capital asset her AGI is Determine her AGI for when the asset is a Sec. 1231 property. When the asset is a Sec. 1231 property i Requirement a. A capital asset. Determine her AGI for the following independent situations when the asset is: b. Sec. 1231 property. Print Done