Sec. 1231 Cains and Losses. Vivian’s AGI is $40,000 without consider ing the gains and losses below.


Sec. 1231 Cains and Losses. Vivian's AGI is $40,000 without consider ing the gains and losses adown. Determine her revised AGI succeeding the inclusion of any ancilla gains or losses for the aftercited independent cases. Assume she has no nonrecaptured net Sec. 1231 losses at the inauguration of the year.