John files a return as a single taxpayer.In 2019, he had the following items:
? Salary of $40,000.
? Loss of $65,000 on the sale of § 1244 stock acquired two years ago.
? Interest income of $6,000.
Determine John's AGI for 2019.
A)($5,000).
B)$0.
C)$45,000.
D)$51,000.
E)None of these.

Question

John files a return as a single taxpayer.In 2019, he had the following items: 
? Salary of $40,000.
? Loss of $65,000 on the sale of § 1244 stock acquired two years ago.
? Interest income of $6,000.
Determine John's AGI for 2019.
A)($5,000).
B)$0.
C)$45,000.
D)$51,000.
E)None of these.

Quizplus · Accepted Answer

The Answer of John files a return as a single taxpayer.In 2019, he had the following items: 
? Salary of $40,000.
? Loss of $65,000 on the sale of § 1244 stock acquired two years ago.
? Interest income of $6,000.
Determine John's AGI for 2019.
A)($5,000).
B)$0.
C)$45,000.
D)$51,000.
E)None of these.

John Files a Return as a Single Taxpayer