Assume that in addition to the information in Problem 42, Nell had the following items in 2016:
Question:
Personal casualty gain on an asset held for four months ...................$10,000
Personal casualty loss on an asset held for two years .........................1,000
Determine Nell's AGI for 2016.
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Related Book For 
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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