Kohsei had the following transactions for 2019: $\begin{array}{llr}
\text { Salary } &&\$80,000\
\text { Alimony paid } &&(4,000)\
\text { Recovery from car accident- } &\
\text { Personal injury damages} &\$40,000\
\text { Punitive damages} &70,000&110,000\
\text { Gift from parents } &&20,000\
\text {Property sales- } &\
\text { Loss on sale of boat (used for pleasure and owned 4 years) } &(\$4,000)\
\text { Gain on sale of ADM stock (held for 10 months as an investment) } &4,000&(-0-)\
\end{array}$
What is Kohsei's AGI for 2019?

Question

Kohsei had the following transactions for 2019: $\begin{array}{llr}
  \text { Salary } &&\$80,000\
 \text { Alimony paid } &&(4,000)\
 \text { Recovery from car accident- } &\
 \text {  Personal injury damages} &\$40,000\
 \text {  Punitive damages} &70,000&110,000\
 \text { Gift from parents } &&20,000\
 \text {Property sales-  } &\
 \text { Loss on sale of boat (used for pleasure and owned 4 years) } &(\$4,000)\
 \text { Gain on sale of ADM stock (held for 10 months as an investment) } &4,000&(-0-)\
\end{array}$
 What is Kohsei's AGI for 2019?

Quizplus · Accepted Answer

The Answer of Kohsei had the following transactions for 2019: $\begin{array}{llr}
  \text { Salary } &&\$80,000\
 \text { Alimony paid } &&(4,000)\
 \text { Recovery from car accident- } &\
 \text {  Personal injury damages} &\$40,000\
 \text {  Punitive damages} &70,000&110,000\
 \text { Gift from parents } &&20,000\
 \text {Property sales-  } &\
 \text { Loss on sale of boat (used for pleasure and owned 4 years) } &(\$4,000)\
 \text { Gain on sale of ADM stock (held for 10 months as an investment) } &4,000&(-0-)\
\end{array}$
 What is Kohsei's AGI for 2019?

Kohsei Had the Following Transactions for 2019 What Is Kohsei's AGI for 2019