View the four independent cases.
Requirement
For each case, determine AGI after considering the capital gains and losses.
For each case, determine the net short-term capital gain (NSTCG) or net short-term capital loss (NSTCL), the net long-term capital gain (NLTCG) or
net long-term capital loss (NLTCL), and then the AGI after considering the capital gains and losses. (Use a minus sign or parentheses to enter a loss.)
NSTCG (NSTCL)
NLTCG (NLTCL)
AGI after considering
Situation 1 Situation 2 Situation 3
Situation 4
capital gains and losses
Four Independent Cases
-
X
Situation 1
Situation 2 Situation 3
Situation 4
AGI (excluding property
transactions)
$ 40,000 $ 50,000 $ 80,000 $ 70,000
STCG
4,000
4,000
9,000
7,500
STCL
2,000
6,000
7,000
21,500
Next
LTCG
4,500
10,000
11,000
7,000
LTCL
3,000
5,500
13,500
5,000
Print
Done