How is the AGI affected by capital gains vs capital losses?
Posing a hypothetical question for educational purposes: If a married couple, filing jointly has a $30k long term capital GAIN from the sale of a mutual fund & also has a $20k long term capital LOSS from the sale of a different mutual fund, does the AGI increase by $30k or would the AGI increase by $10k ($30k minus $20K). Thanks
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