Compute Jose adjusted gross income

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Reference no: EM132802006

Question - 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

Required - Compute Jose's adjusted gross income for 2019.

Reference no: EM132802006

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