A Gambling and Losses $2925 B Deduction subject to 2 (1140 3420 1596) 6156 Less 2 of AGI (43100 2 ) (862) $5330 Itemized Deduction (A B) S8255 How do you come out with $5330 amount A Gambling and Losses $2925 B Deduction subject to 2 (1140 3420 1596) 6156 Less 2 of AGI (43100 2 ) (862) $5330 Itemi...

The parent comes out with 5330 amount by adding together the initial income from A 1140 and from B 1 ...

A.Gambling and Losses $2925 B.Deduction subject to 2% (1140+3420+1596) = 6156 Less: 2% of AGI (43100*2%)...

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Sep 06, 2022 03:25 PM

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A.Gambling and Losses $2925 B.Deduction subject to 2% (1140+3420+1596) = 6156 Less: 2% of AGI (43100*2%)...

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Income Tax Fundamentals 2013

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