Terry Trooper, a single taxpayer, had the following transactions during 2018

a. Sold 60 shares of Troy Corporation common stock on March 22, 2018, for \(\$ 660\). The stock was purchased on January 31,2018 , for \(\$ 7\) per share.

b. Sold family gemstones held for three years for \(\$ 10,000\). The gemstones had a cost and basis of \(\$ 7,800\).

c. Three-year note from his brother became worthless. The note was \(\$ 750\).

d. Stock in Tyler Corporation became worthless on December 20, 2018, when the corporation filed for bankruptcy. The stock was purchased for \(\$ 250\) on June 30, 2018.

e. Received \(\$ 200\) from a renter to cancel a lease held on rental property.

What is Terry's taxable income if his only other income was salary, net rental income and interest totaling \(\$ 40,000\) ? He has itemized deductions of \(\$ 14,000\) and no dependents.