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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

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  • 1 decade ago
    Favorite 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.

  • 1 decade ago

    AGI 68,000

  • Anonymous
    1 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)

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