For the current year, santos has wages of $80,000 and the following property transactions: Stock investment sales— Long-term capital gain $ 9,000 Short-term capital loss (12,000) Loss on sale of camper (purchased four years ago and used for family vacations) (2,000) What is David's AGI for the current year? a.$76,000. b.$78,000. c.$89,000. d.$77,000.
For the current year, santos has wages of $80,000 and the following property transactions: Stock investment sales— Long-term capital gain $ 9,000 Short-term capital loss (12,000) Loss on sale of camper (purchased four years ago and used for family vacations) (2,000) What is David's AGI for the current year? a.$76,000. b.$78,000. c.$89,000. d.$77,000.
Chapter22: S Corporations
Section: Chapter Questions
Problem 23CE
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Question
For the current year, santos has wages of $80,000 and the following property transactions:
What is David's AGI for the current year?
| Stock investment sales— | |
| Long-term |
$ 9,000 |
| Short-term capital loss | (12,000) |
| Loss on sale of camper (purchased four years ago and used for family vacations) | (2,000) |
What is David's AGI for the current year?
a.$76,000.
b.$78,000.
c.$89,000.
d.$77,000.
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