Question: Problem 7-42 (LO. 1, 3) Nell, single and age 38, had the following income and expense items in 2017: Nonbusiness bad debt $6,000 Business bad

Problem 7-42 (LO. 1, 3)

Nell, single and age 38, had the following income and expense items in 2017:

Nonbusiness bad debt $6,000
Business bad debt 2,000
Nonbusiness long-term capital gain 4,000
Nonbusiness short-term capital loss 3,000
Salary 50,000
Interest income 3,000

Nell has an overall in the amount of $. However, Nell may only $ this year. Nell's adjusted gross income is $.

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