Question: For each case, determine AGI after considering the capital gains and losses. For each case, determine the net short-term capital gain (NSTCG) or net short-term

For each case, determine AGI after considering the capital gains and losses.

For each case, determine the net short-term capital gain (NSTCG) or net short-term capital loss (NSTCL), the net long-term capital gain (NLTCG) or net long-term capital loss (NLTCL), and then the AGI after considering the capital gains and losses. (Use a minus sign or parentheses to enter a loss.)

	Situation 1	Situation 2	Situation 3	Situation 4
AGI (excluding property
transactions)	$100,000	$90,000	$50,000	$30,000
STCG	6,500	2,000	4,000	8,000
STCL	4,000	8,000	2,000	22,000
LTCG	4,000	15,000	11,000	10,500
LTCL	1,500	5,000	13,500	5,000

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