Victoria has an AGI of $80,000 without considering the sale of a nondepreciable asset for $23,000. The asset was acquired six years ago and has an adjusted basis of $32,000. 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 Requirement Determine her AGI for the following independent situations when the asset is: a. A capital asset. b. Sec. 1231 property. Print Done