According to the new tax laws, will we include any of these amounts under itemized deductions for the 1040 form? If so which ones and what amount. Please show full explanation.

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Item Laptop computer and Printer Musical Instrument Home Theater 2011 Honda Pilot Purchase Date 09/01/2012 03/01/2010 03/01/2010 07/01/2011 Fair Value on Tax Basis of Item Date of Theft 3,000 2,000 5,000 3,000 4,000 4,500 11,000 5,500 Insurance Reimbursement Received 300 500 1,000 1,500 Item Laptop computer and Printer Musical Instrument Home Theater 2011 Honda Pilot Purchase Date 09/01/2012 03/01/2010 03/01/2010 07/01/2011 Fair Value on Tax Basis of Item Date of Theft 3,000 2,000 5,000 3,000 4,000 4,500 11,000 5,500 Insurance Reimbursement Received 300 500 1,000 1,500

Answer rating: 100% (QA)

Background There are two ways you can take deductions on your federal income tax return you can item... View the full answer