Jocelyn and Esteban file a joint return. For the current year, they had the following items: Salaries....................................................................................
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Question:
Jocelyn and Esteban file a joint return. For the current year, they had the following items:
Salaries.................................................................................... $120,000
Loss on sale of $ 1244 stock acquired two year ago............105,000
Gain on sale of $ 1244 Stock acquired six months ago..........20,000
Nonbusiness bad debt...............................................................19,000
Determine their AGI for the current year.
Related Book For
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
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