Question: us tax . John files a return as a single taxpayer. In 2019, he had the following items: Salary of $30,000. Loss of $63,000 on

 us tax . John files a return as a single taxpayer.

us tax

. John files a return as a single taxpayer. In 2019, he had the following items: Salary of $30,000. Loss of $63,000 on the sale of Section 1244 stock acquired two years ago. Interest income of $8,000. 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 ago Determine John's AGI for 2019 and 2020 (assume these are the only transactions, no other carryovers etc...) a. $0 and $56,000 b. $0 and $55,000 c. $8,000 and $64,00 d. $38,000 and $64,000 e. None of a through d is correct

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