Bonnie and Jake (ages 35 and 36, respectively) are married with no dependents and live in Montana
Question:
Bonnie's salary.....................................................$ 42,500
Jake's salary..........................................................26,000
Interest income (joint).........................................................1,500
Rental loss from actively managed rental property ..........(23,000)
Jake's unreimbursed medical expenses........................... 8,500
All other itemized deductions:*
Bonnie...................................................................9,000
Jake .....................................................................3,400
*None subject to limitations
Determine whether Bonnie and Jake should file jointly or separately for 2013.
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Related Book For
South Western Federal Taxation 2014 Comprehensive Volume
ISBN: 9781285180922
37th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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