Larry, single, age 31, had the following items for 2014:
Salary $50,000
Non business bad debt (6,000)
Casualties-independent events: Asset A (personal use property held for two years)-gain $3,000
Securities (stolen)-loss (8,000)
Dividends $2,000
Interest expense on personal residence $10,000
Compute Larrys' taxable income for the year 2014.