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    Chergar4's Avatar
    Chergar4 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 3, 2012, 05:25 PM
    Individual Taxation
    Tonya had the following items for last year:
    Salary $40,000
    Short-term capital gain 12,000
    Nonbusiness bad debt (25,000)
    Long-term capital gain 8,000
    For the current year, Tonya had the following items:
    Salary $45,000
    Collection of last year’s bad debt 25,000
    Determine Tonya’s adjusted gross income for the current year.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Nov 3, 2012, 07:03 PM
    This TRULY sounds like a homework question, which, under the rules of this forum, cannot be answered on this forum.

    Suggest you try another forum.
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