Explore BrainMass

Explore BrainMass

    Gains and Losses: calculations of Sec 1231 and capital items

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    See attached file for full problem description.

    © BrainMass Inc. brainmass.com June 3, 2020, 8:35 pm ad1c9bdddf
    https://brainmass.com/business/accounting/gains-losses-calculations-sec-capital-items-144161

    Attachments

    Solution Preview

    Case A: AGI 40,000
    Net 1231 gains 19000 - 5000 = 14,000
    Adjusted AGI 54,000
    Section 1231 gains are capital gains

    Case B: AGI 40,000
    Net ...

    Solution Summary

    In four separate cases involving Vivian's AGI, business gains and losses plus capital gains and losses cases are analyzed for their combined effects including rights of offset and carry over amounts. A sentence of explanation is added where needed to clarify the calculations.

    $2.19

    ADVERTISEMENT