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Determine Greg adjusted gross income

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Problem - Greg Brady, head of household ?ling status, with 1 dependent, had the following items for 2020:

Salary $89,200

Casualty loss on long-term business property (8,400)

Loss on sale of § 1244 small business stock acquired 3 years ago (54,500)

Long-term capital gain on sale of investment 9,250

Short-term capital gain on sale of investment 1,950

Stock acquired 2 years ago became worthless during the year (4,100)

Loss on non-business bad debt that has been held for 5 years (6,750)

Required - Determine Greg's adjusted gross income for 2020.

Reference no: EM132735177

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