For the current year,David has wages of $80,000 and the following property transactions:
Stock investment sales-
Long-term capital gain
$ 9,000
Short-term capital loss
(12,000)
Loss on sale of camper (purchased 4 years ago and used for family vacations)
(2,000)
What is David's AGI for the current year?
A)$76,000.
B)$77,000.
C)$78,000.
D)$89,000.
E)None of these.

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The Answer of For the current year,David has wages of $80,000 and the following property transactions:
Stock investment sales-
Long-term capital gain
$ 9,000
Short-term capital loss
(12,000)
Loss on sale of camper (purchased 4 years ago and used for family vacations)
(2,000)
What is David's AGI for the current year?
A)$76,000.
B)$77,000.
C)$78,000.
D)$89,000.
E)None of these.

For the Current Year,David Has Wages of $80,000 and the Following