Roger, an individual, owns a proprietorship Green Options. For the year 2019, Roger reports the following items: - Business income- .
- Business expense- . ∙ Loss on a completely destroyed business machine. The machine had an adjusted basis of $25,000 and a fair market value of $20,000.
∙ Loss on a business truck. The truck had an adjusted basis of $8,000. The repairs to fix the truck cost $10,000. Determine Roger's adjusted gross income for 2019.
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