Problem $6-15($LO$.2)$

Abby, a single taxpayer, purchased $10,000$ shares of $$1244$ stock several years ago at a cost of $$20$ per share. In November of the current

year, Abby receives an offer to sell the stock for $$12$ per share. She has the option of either selling all of the stock now or selling half of the

stock now and half of the stock in January of next year. Abby's salary is $$80,000$ for the current year, and it will be $$90,000$ next year. Abby

has long$-$term capital gains of $$8,000$ for the current year and will have $$10,000$ next year.

If Abby's goal is to minimize her AGI for the two years, determine whether she should sell all of her stock this year or half of her stock this

year and half next year.

a$.$ Determine Abby's total AGI under both options for the current year and next year.

If an amount is zero, enter $"0".$

Total AGI

Current year

Next year

Total

Sell half of the stock this year and half next year:

Current year's AGI

Salary

Ordinary loss $$

Long$-$term capital gain

Less: no capital loss $$

Equals: net long$-$term capital qain $$

Taxable net long$-$term capital qain $$

Adjusted gross income

Next year's AGI

Salary

Ordinary loss $$

Long$-$term capital gain

Less: no capital loss $$

Taxable net long$-$term capital gain ${}_{?}$

Adjusted gross income

Total AGI

Current year

Next year

Total

$

$$

$$90,000$