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Having problems with finding This AGI for federal return?
has income of 70,000
Stock investment sales:
Long term capital gain----10,000
Short term capital loss----(12,000)
loss on sale af RV 4 years ago and used for vacations (2,000)
4 Answers
- Wayne ZLv 71 decade agoFavorite Answer
70000 Income
(2000) Less: Net capital losses
68000 AGI
The $2000 loss on the RV is non-deductable as it is a personal asset.
- Anonymous1 decade ago
the agi should be 68,000
- 1 decade ago
70000 - $3,000 ($1,500 if you are married and file a separate tax return) = $67,000 ($68,500 if you are married and file a separate tax return)
