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Determine their AGI for the current year

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Reference no: EM132657063

Problem - Jocelyn and Esteban file a joint return. For the current year, they had the following items:

Salaries $120,000

Loss on sale of § 1244 stock acquired two years ago 105,000

Gain on sale of § 1244 stock acquired six months ago 20,000

Nonbusiness bad debt 19,000

Required - Determine their AGI for the current year.

Reference no: EM132657063

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