Task: Gains and Losses.
Vivian's AGI is $40,000 without considering the gains and losses below. Determine her revisal AGI after the inclusion of any applicable gains or losses for the following independent casts. Assume she has no nonrecaptured net Scc. 1231 losses at the beginning of the yen
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Case A
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Case B
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Case C
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Case D
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Sec. 1231 gain
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$19,000
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$10,000
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$30,000
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$ 5,000
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Scc. 1231 loss
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5,000
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22,000
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39,000
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12,000
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LTCG
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-0-
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-0-
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6,300
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_0_
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LTCL
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-0-
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-0-
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-0-
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4,200
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