[ANSWERED] Capital Gains and Losses. During 2019, Gary receives a $90,000 salary and has no deductions for AGL.

Capital Gains and Losses. During 2019, Gary receives a
$90,000 salary and has no deductions for AGL In 2018, Gary had a $5,000 STCL
and no ocher capita l losses or capita l gains. Consider the following sales
and determine Gary’s AGI for 2019.
• An automobile purchased in 2014 for $20,500 and held for
personal use is sold for $7,000.
• On April 10, 2019, stock held for investment is sold for
$21,000. The stock was acquired on November 20, 2018, for $9,300.