Jose, single, reports the following items for 2019: $\begin{array}{lr}
\text { Salary } & \$ 44,000 \
\S 1244 \text { loss on stock acquired 3 years ago } & (70,000) \
\S 1244 \text { gain on stock acquired } 10 \text { months ago } & 26,000 \
\text { Worthless security purchased in June of last year } & (4,000) \
\text { Nonbusiness bad debt } & (7,000) \
\text { Interest income } & 8,000
\end{array}$

$\text { Compute Jose's adjusted gross income for } 2019 .$

Question

Jose, single, reports the following items for 2019: $\begin{array}{lr}
\text { Salary } & \$ 44,000 \
\S 1244 \text { loss on stock acquired 3 years ago } & (70,000) \
\S 1244 \text { gain on stock acquired } 10 \text { months ago } & 26,000 \
\text { Worthless security purchased in June of last year } & (4,000) \
\text { Nonbusiness bad debt } & (7,000) \
\text { Interest income } & 8,000
\end{array}$

$\text { Compute Jose's adjusted gross income for } 2019 .$

Quizplus · Accepted Answer

The Answer of Jose, single, reports the following items for 2019: $\begin{array}{lr}
\text { Salary } & \$ 44,000 \
\S 1244 \text { loss on stock acquired 3 years ago } & (70,000) \
\S 1244 \text { gain on stock acquired } 10 \text { months ago } & 26,000 \
\text { Worthless security purchased in June of last year } & (4,000) \
\text { Nonbusiness bad debt } & (7,000) \
\text { Interest income } & 8,000
\end{array}$

$\text { Compute Jose's adjusted gross income for } 2019 .$

Jose, Single, Reports the Following Items for 2019 Compute Jose’s adjusted gross income for 2019.\text { Compute Jose's adjusted gross income for } 2019 . Compute Jose’s adjusted gross income for 2019.

Jose, Single, Reports the Following Items for 2019 $\text { Compute Jose's adjusted gross income for } 2019 .$