Nell, single and age 38, had the following income and expense items in 2012:
Nonbusiness bad debt |
$ 6,000 |
Business bad debt |
2,000 |
Nonbusiness long term capital gain |
4,000 |
Nonbusiness short term capital loss |
3,000 |
Salary |
50,000 |
Interest income |
3,000 |
Determine Nell’s AGI for 2012.