Go to the IRS Web site (www.irs.gov) and print Schedule A: Itemized Deductions. Using the following information,

Question:

Go to the IRS Web site (www.irs.gov) and print Schedule A: Itemized Deductions. Using the following information, complete this form for Simon and Ellen, a married couple filing jointly, who have adjusted gross income of $60,000. They paid the following unreimbursed expenses during the year:
Prescription drugs........................................$ 600
Doctor bills................................................4,600
Contact lenses...............................................300
Dentist bills..................................................900
State income tax withheld from salary................1,800
Real property taxes.......................................3,000
Interest on a home acquisition mortgage
with a principal amount of $160,000 (reported
on Form 1098) ............................................6,000
Cash charitable contributions...........................1,400
Employee business expenses...........................1,300
Tax return preparation.....................................150
Safe deposit box (for storing investment documents)120
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Taxation For Decision Makers 2014

ISBN: 9781118654545

6th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

Question Posted: