In 2016, Tim, a single taxpayer, has ordinary income of $29,000. In addition, he has $2,000 in
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In 2016, Tim, a single taxpayer, has ordinary income of $29,000. In addition, he has $2,000 in short-term capital gains, long-term capital losses of $10,000, and long-term capital gains of $4,000. What is Tim’s AGI for 2016?
a. $26,000
b. $27,000
c. $29,000
d. $32,000
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Related Book For
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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