Question: Multiple Choice Indicate the answer choice that best completes the statement or answers the question 4. John files a return as a single taxpayer. In

 Multiple Choice Indicate the answer choice that best completes the statement

Multiple Choice Indicate the answer choice that best completes the statement or answers the question 4. John files a return as a single taxpayer. In 2019, he had the following items: Salary of $30,000 Loss of $65,000 on the sale of Section 1244 stock acquired two years ago. Interest income of $6,000. In 2020, John again files a return as a single taxpayer and had the following items: Salary of $114,000 Loss of $55,000 on the sale of Section 1244 stock acquired three years ago. Capital gain of $22,000 on the sale of publicly traded stock purchased one year ag Determine John's AGI for 2019 and 2020 (assume these are the only transactions, no other carryovers etc...) a. S0 and $50,000 b. 0 and $52,000 c. $6,000 and 564,00 d. S36,000 and $64,000 e. None of a through d is correct

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