Gary, who is an employee of Red Corporation, reports the following items for 2019: $$\begin{array} { l r }
\text { Salary } & \$ 80,000 \
\text { Federal disaster area personal casualty gain } & 7,000 \
\text { Federal disaster area personal casualty loss from one event (before } & ( 15,000 ) \
\text { the } \$ 100 \text { floor) } & \
\text { Loss on rental property } & ( 6,000 ) \
\text { Theft of bonds } & ( 18,000 ) \
\text { Unreimbursed loss from theft of a computer used 100\% for business } & ( 4,000 )
\end{array}$$ Determine Gary's AGI and total amount of itemized deductions for 2019.

Question

Gary, who is an employee of Red Corporation, reports the following items for 2019: $$\begin{array} { l r } 
\text { Salary } & \$ 80,000 \
\text { Federal disaster area personal casualty gain } & 7,000 \
\text { Federal disaster area personal casualty loss from one event (before } & ( 15,000 ) \
\text { the } \$ 100 \text { floor) } & \
\text { Loss on rental property } & ( 6,000 ) \
\text { Theft of bonds } & ( 18,000 ) \
\text { Unreimbursed loss from theft of a computer used 100\% for business } & ( 4,000 )
\end{array}$$ Determine Gary's AGI and total amount of itemized deductions for 2019.

Quizplus · Accepted Answer

The Answer of Gary, who is an employee of Red Corporation, reports the following items for 2019: $$\begin{array} { l r } 
\text { Salary } & \$ 80,000 \
\text { Federal disaster area personal casualty gain } & 7,000 \
\text { Federal disaster area personal casualty loss from one event (before } & ( 15,000 ) \
\text { the } \$ 100 \text { floor) } & \
\text { Loss on rental property } & ( 6,000 ) \
\text { Theft of bonds } & ( 18,000 ) \
\text { Unreimbursed loss from theft of a computer used 100\% for business } & ( 4,000 )
\end{array}$$ Determine Gary's AGI and total amount of itemized deductions for 2019.

Gary, Who Is an Employee of Red Corporation, Reports the Following