Solve

Question 6 (Chapter 7) In 2007 Evan purchased 100 shares of $1244 stock for $68,000. In 2025 Cole offers to buy the shares from Evan for $2,000. In 2025 Evan has $8,000 of long-term capital gain and ordinary income of $71,000. (a) What will be Evan's AGI if he sells the shares to Cole? (b) How much capital loss, if any, will Evan carryforward to 2026