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    Character of losses and an AGI calculation

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    Net Gains and Losses. Need help with a and b.
    See attached file for full problem description.

    © BrainMass Inc. brainmass.com November 24, 2021, 12:49 pm ad1c9bdddf
    https://brainmass.com/business/accounting/character-losses-agi-calculation-119805

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    Capital transactions:
    Stewart stock: 85000 - (300,000 / 3) = 15000 loss LT (See Note 1)
    IBM: 150000 - 10000 = 5000 gain LT
    MSFT: 25000 - 45000 = 20000 loss LT
    Tidal Radio: 32000 - 12000 = 20000 gain ST
    Wavetable: 20000 - 26000 = 6000 loss ST
    Loan to a former friend: 0 - 14000 = 14000 loss ST ...

    Solution Summary

    The solution analyzes 7 different gain/loss problems with explanations. Then the events are summarized into a calculation for AGI

    $2.49

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