Nell, single and age 38, had the following income and expense items in 2019: Nonbusiness bad debt.........................................$

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Nell, single and age 38, had the following income and expense items in 2019:

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

Determine Nell’s AGI for 2019.

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Related Book For  answer-question

South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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