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.