Maria who is single had the following items for 2010, Ask an Expert

Accounting

Maria, who is single, had the following items for 2010:

Salary $80,000
Loss on sale of § 1244 small business stock acquired 3 years ago (60,000)
Stock acquired 2 years ago became worthless during the year (5,000)
Long-term capital gain 17,000
Nonbusiness bad debt (8,000)
Casualty gain on property held 4 years 4,000

Determine Maria's adjusted gross income for 2010.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970825

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