Question: 9 . Jocelyn and Esteban file a joint return. For the current, they had the following items: Salaries $ 1 2 0 , 0 0

9. Jocelyn and Esteban file a joint return. For the current, they had the following items:
Salaries
$120,000
Loss on sale of Section 1244 stock acquired two years ago
105,000
Gain on sale of Section 1244 stock acquired six month ago
20,000
Nonbusiness bad debt
19,000
What is their adjusted gross income for the current year?

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