In 2018, Tim, a single taxpayer, has ordinary income of $29,000. In addition, he has $2,000 in

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In 2018, 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 2018?

a. $26,000

b. $27,000

c. $29,000

d. $32,000

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Mar 02, 2019 06:54 AM

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In 2018, Tim, a single taxpayer, has ordinary income of $29,000. In addition, he has $2,000 in

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Income Tax Fundamentals 2019

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