Assume that in addition to the information in Problem 39, Nell had the following items in 2019:

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Personal casualty gain on an asset held for four months.................$10,000
Personal casualty loss on an asset held for two years...........................1,000

The casualty gains and losses are net of the $100-per-event floor. Determine Nell’s AGI for 2019.

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

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

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Question Posted: Sep 19, 2019 08:58 AM

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Assume that in addition to the information in Problem 39, Nell had the following items in 2019:

Question:

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Salary 50000 Interest income 3000 Business bad debt 2000 Nonbusiness bad debt 60...View the full answer

South-Western Federal Taxation 2020 Comprehensive

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