All of the following are for AGI deductions except: A. Contributions to qualified retirement...
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Accounting
All of the following are for AGI deductions except:
A. Contributions to qualified retirement accounts.
B. Charitable contributions.
C. Business expenses for a self-employed taxpayer.
D. Rental and royalty expenses.
Kevin bought 200 shares of Intel stock on January 1, 2019, for $50 per share, with a brokerage fee of $200. Then, Kevin sells all 200 shares for $75 per share on December 12, 2019. The brokerage fee on the sale was $300. What is the amount of the gain/loss Kevin must report on his 2019 tax return?
A. $4,750.
B. $5,250.
C. $4,500.
D. None of the choices are correct.
E. $5,000.
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