A buyer and seller of stocks on the internet

Reference no: EM131116636

Phil and Susan are married taxpayers, filing a joint return. The couple have two dependent children. Susan has wages of $34,000 in 2015. Phil does not work due to a disability, but he is a buyer and seller of stocks on the Internet. He generally buys and holds for long-term gain, but occasionally gets in and out of a stock quickly. The couple's 2015 stock transactions are detailed below. In addition, they have $2,300 of qualifying dividends.

Item	Date Acquired	Date Sold	Cost	Sales Price
Blue stock	11/10/14	03/12/15	$ 3,000	$ 6,000
Puce stock	12/13/13	05/23/15	36,000	32,000
Beige stock	12/14/10	07/14/15	13,000	14,500
Red stock	06/29/14	05/18/15	26,000	27,000
Black stock	05/15/14	10/18/15	67,000	67,800
Gray stock	04/23/13	10/18/15	89,000	88,200

What is Phil and Susan's AGI?

Reference no: EM131116636

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