Nell, single and age 38, had the following income and expense items in 2018: Nonbusiness bad debt

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Nell, single and age 38, had the following income and expense items in 2018:

Nonbusiness bad debt ....................................................$ 6,000
Business bad debt ...............................................................2,000
Nonbusiness long-term capital gain ..................................4,000
Nonbusiness short-term capital loss .................................3,000
Salary .................................................................................. 50,000
Interest income ..................................................................  3,000

Determine Nell’s AGI for 2018.

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South-Western Federal Taxation 2019 Comprehensive

ISBN: 9781337703017

42th Edition

Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young

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