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Jose, single, reports the following items for 2019:
Salary $44,000
§ 1244 loss on stock acquired 3 years ago (70,000)
§ 1244 gain on stock acquired 10 months ago 26,000
Worthless security purchased in June of last year (4,000)
Nonbusiness bad debt (7,000)
Interest income 8,000
Problem 1: Compute Jose's adjusted gross income for 2019.
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