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Maria, Who Is Single, Reports the Following Items for 2019

Question 87

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Maria, who is single, reports the following items for 2019: Salary $80,000 Loss on sale of §1244 small business stock acquired three years ago (60,000)\begin{array}{llcc} \text {Salary } &\$80,000\\ \text { Loss on sale of \( \S 1244 \) small business stock acquired three years ago } &(60,000)\\\end{array}
Stock acquired two years ago became worthless during the year (5,000)Long-term capital gain 25,000 Nonbusiness bad debt (15,000) Federal disaster area casualty loss on property held six months (6,000) Federal disaster area casualty gain on property held four years 4,000 Determine Maria’s adjusted gross income for 2019. \begin{array}{llcc} \text {Stock acquired two years ago became worthless during the year } &(5,000)\\ \text {Long-term capital gain } &25,000\\ \text { Nonbusiness bad debt } &(15,000)\\ \text { Federal disaster area casualty loss on property held six months } &(6,000)\\ \text { Federal disaster area casualty gain on property held four years } &4,000\\ \\ \text { Determine Maria's adjusted gross income for 2019. } &\\\end{array}

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