Situation 1

Situation 2

Situation 3

Situation 4

AGI (excluding property transactions)

$40,000

$100,000

$75,000

$60,000

STCG

4,000

2,500

8,500

7,000

STCL

1,000

7,000

6,500

22,000

LTCG

4,500

10,000

12,500

8,500

LTCL

4,000

3,000

15,000

4,000

Consider the four independent situations below for an unmarried individual, and analyze the effects of the capital gains and losses on the individual's AGI.

View the four independent cases.

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Requirement

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

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Part 1

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
NSTCG (NSTCL)