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Determine their AGI for the current year

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Question - Jacob and Joria are married and file a joint return. They have the following items for the current year:

Salaries $345,000

Loss on sale of § 1244 stock acquired 15 years ago 136,000

Gain on sale of § 1244 stock acquired ten months ago 44,000

Nonbusiness bad debt 12,000

Business bad debt 23,000

Required - Determine their AGI for the current year.

Reference no: EM132697060

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