Adan and Eva are both under age 65 and bona fide residents of Puerto Rico who file
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Adan and Eva are both under age 65 and bona fide residents of Puerto Rico who file a joint return. Adan had self-employed gross income of $30,000 from his business in Puerto Rico. Eva works for the federal government and her salary was $45,000. Before calculating the allowable portion, they had the following eligible itemized deductions:
Home mortgage interest: $8,500
Real estate taxes: $1,400
Charitable contributions: $750
What is the amount of calculated allowable itemized deductions that can be claimed?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: