Greg brady filing single with 1 dependent had the following, Ask an Expert

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Greg Brady, filing single with 1 dependent, had the following items for 2016: Salary $85,200; Long-term capital gain on sale of investment $13,250; Casualty gain on personal property held 4 years $9,500; Stock acquired 2 years ago became worthless during the year ($6,100); Loss on non-business bad debt that has been held for 5 years ($3,200); Loss on sale of 1244 small business stock acquired 3 years ago ($68,000); Casualty loss on long-term business property ($2,400) Determine Greg's adjusted gross income for 2016.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92044215

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