George is single, age 45 and has the following items: Salary $50,000 Loss of $65,000 on the sale of section 1244 stock acquired two years ago. Interest income of $5,000 Determine George's AGI for 2022. U.S rules

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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T1.

 

George is single, age 45 and has
the following items:
Salary $50,000
Loss of $65,000 on the sale of
section 1244 stock acquired two
years ago.
Interest income of $5,000
Determine George's AGI for 2022.
U.S rules
Transcribed Image Text:George is single, age 45 and has the following items: Salary $50,000 Loss of $65,000 on the sale of section 1244 stock acquired two years ago. Interest income of $5,000 Determine George's AGI for 2022. U.S rules
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