Reference no: EM131929480
Question - Sally, filling single, had the following items for 2013:
Salary $105,000
Long-term capital on sale of investment $23,400
Casualty gain on personal property held for 4 years $7,500
Stock acquired 2 years ago became worthless during the year (4,500)
Loss on non-business bad debt that has been held for 5 years (7,300)
Loss on sale of 1224 small business stock acquired 3 years ago (62,000)
Casualty loss on long-term business property (12,500)
Determine the Adjusted Gross Income for 2013.
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: Sally, filling single, had the following items for 2013: Long-term capital on sale of investment $23,400. Determine the Adjusted Gross Income for 2013.
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