Reference no: EM132735177
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.