6. 7. 8. 9. on June 1, the couple bought a car for $30,000, paying $18,000 down and borrowing $12,000. They paid $750 total interest on the loan in 2013. on June 10, the Nelsons took out a home equity loan ot $20,000 to expand their home. They paid a total of $850 interest with their monthly payments on the loan. The Nelsons paid a total of $2,300 interest on their original home loan. They sold stock in cabinets, Inc. for $5,200, which they purchased for $7 ,900 in March of the current year. They also sold stock in The outdoor corporation for $12,500, which they purchased several years ago for $8,600. 10. Tim incurred the following expenses related to his profession, none of which were reimbursed by his employer: Item subscriptions to medical journals American Medical Association annual membership fee Amount 400 250 11. During the year, the couple paid their former tax advisor $700 to prepare their prior year tax return.