Business Homework Solutions
Problem
#108700

AGI-non business bad debts

Sammy had the following for last year:

Salary $40,000
Short-term Capital gain $3000
nonbusiness bad debt   ($10,000)

for the current year:
salary  $45000
nonbusiness bad debt  ($1000)
collection of last years bad debt  $10,000

Calculate her AGI for the current year


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