Question: i need help with 2018 schedule A (form 1040), gift to charity section. Comprehensive Problem 5-1 John Williams (birthdate August 2, 1974) Is a single


Comprehensive Problem 5-1 John Williams (birthdate August 2, 1974) Is a single taxpayer. John's earnings and withholdings as the manager of a local casino for 2018 are reported on his Form W-2 John recelved Form 1098 from the Reno Bank &Trust. John's other income includes Interest on a savings account at Nevada National Bank of $13,700 John pays his ex-wife, Sarah McLoughlin, $3,900 per month in accordance with their 2012 divorce decree. When their 12-year-old child (in the ex- wife's custody) reaches the age of 18, the payments are reduced to $2,725 per month. His ex-wife's Social Security number is 554-44-5555. In 2018, John purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $3,660, which exceeds the estimated amount per the IRS tables John participates in a high-deductible health plan and is eligible to contribute to a health savings account. His HSA earned $125 in 2018. During the year, John paid the following amounts (all of which can be substantlated): $1,760 4,300 900 5,500 2,640 2,800 900 Credit card interest Auto loan interest Auto insurance Contribution to IRA Property taxes on personal residence Contributions to HSA Income tax preparation fee Charitable contributions (all cash): 1,350 3,100 26,900 250 100 Boy Scouts St. Matthews Church U. of Nevada (Reno) Medical Schoo Nevada Democratic Party Fund-ralsing dinner for the Reno Auto Museum (value of dinner is $25) Schedule A Complete John's Schedule A. OMB No. 1545-0074 SCHEDULE A (Form 1040) Department of the Treasury Internal Revenue Service (99) Itemized Deductions C c Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 2018 Attachment Sequence No. 07 16. Name(s) shown on Form 1040 John Williams Your social security number 555-94-9358 Caution. Do not include expenses reimbursed or paid by others. Medical 1 Medical and dental expenses (see instructions) and Dental Expenses 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- Taxes You 5 State and local taxes Paid -"W1 2 Enter amount from Form 1040, line 72 3 Multiply line 2 by 7.5% (0.075). ' a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line sa, bu: not both. If you elect to include general sales taxes instead of Sa 3,660 V Sb 2,640 v 5c Sd 6,300 V ncome taxes, check this box b State and local real estate taxes (see instructions). c State and local personal property taxes ".... d Add lines Sa through ScH e Enter the smaler of ine Sd and s10,000 (ss.000 if marnec filing separately) Other taxes, ust cype and amount h se 300 6 7 Add lines Se and 6 76,300 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box...... Interest You Paid a Home mortgage interest and points reported to you on Form Caution: Your mortgage interest deduction may be limited (see instructions) 8a 18,957 1098 b Home mortgage interest not reported to you on Form 1098. I pald to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address-4 8b C Points not reported to you on Form 1098. See instructions for 8c 8d d Reserved e Add lines 8a through 8c . . PTO8e 18,957 Investment interest. Attach Form 4952 if required. See instructions 9 10 18,957 10 Add lines Be through 9... 11 Gifts by cash or check. If you made any gift of $250 or more, Gifts to 11 | 31,700 | x see instructions. Charity If you made a 12 Other than by cash or check. It any gift of $250 or more, see gift and got a benefit for it, see 13 Carryover from prior year instructions 12 instructions. You must attach Form 8283 if over $500 13 14 31,700 X 14 Add lines 11 through 13 Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualfied d saster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions 15 16 Other-from 1st in instructions. List type and amount Theft Losses Other Miscellaneous Deductions Total 16 17 Add the amounts in the far right column for lines 4 through 16. A so, enter this amount on 17 56,957 X Form 1040, line 8. .. Comprehensive Problem 5-1 John Williams (birthdate August 2, 1974) Is a single taxpayer. John's earnings and withholdings as the manager of a local casino for 2018 are reported on his Form W-2 John recelved Form 1098 from the Reno Bank &Trust. John's other income includes Interest on a savings account at Nevada National Bank of $13,700 John pays his ex-wife, Sarah McLoughlin, $3,900 per month in accordance with their 2012 divorce decree. When their 12-year-old child (in the ex- wife's custody) reaches the age of 18, the payments are reduced to $2,725 per month. His ex-wife's Social Security number is 554-44-5555. In 2018, John purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $3,660, which exceeds the estimated amount per the IRS tables John participates in a high-deductible health plan and is eligible to contribute to a health savings account. His HSA earned $125 in 2018. During the year, John paid the following amounts (all of which can be substantlated): $1,760 4,300 900 5,500 2,640 2,800 900 Credit card interest Auto loan interest Auto insurance Contribution to IRA Property taxes on personal residence Contributions to HSA Income tax preparation fee Charitable contributions (all cash): 1,350 3,100 26,900 250 100 Boy Scouts St. Matthews Church U. of Nevada (Reno) Medical Schoo Nevada Democratic Party Fund-ralsing dinner for the Reno Auto Museum (value of dinner is $25) Schedule A Complete John's Schedule A. OMB No. 1545-0074 SCHEDULE A (Form 1040) Department of the Treasury Internal Revenue Service (99) Itemized Deductions C c Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 2018 Attachment Sequence No. 07 16. Name(s) shown on Form 1040 John Williams Your social security number 555-94-9358 Caution. Do not include expenses reimbursed or paid by others. Medical 1 Medical and dental expenses (see instructions) and Dental Expenses 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- Taxes You 5 State and local taxes Paid -"W1 2 Enter amount from Form 1040, line 72 3 Multiply line 2 by 7.5% (0.075). ' a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line sa, bu: not both. If you elect to include general sales taxes instead of Sa 3,660 V Sb 2,640 v 5c Sd 6,300 V ncome taxes, check this box b State and local real estate taxes (see instructions). c State and local personal property taxes ".... d Add lines Sa through ScH e Enter the smaler of ine Sd and s10,000 (ss.000 if marnec filing separately) Other taxes, ust cype and amount h se 300 6 7 Add lines Se and 6 76,300 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box...... Interest You Paid a Home mortgage interest and points reported to you on Form Caution: Your mortgage interest deduction may be limited (see instructions) 8a 18,957 1098 b Home mortgage interest not reported to you on Form 1098. I pald to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address-4 8b C Points not reported to you on Form 1098. See instructions for 8c 8d d Reserved e Add lines 8a through 8c . . PTO8e 18,957 Investment interest. Attach Form 4952 if required. See instructions 9 10 18,957 10 Add lines Be through 9... 11 Gifts by cash or check. If you made any gift of $250 or more, Gifts to 11 | 31,700 | x see instructions. Charity If you made a 12 Other than by cash or check. It any gift of $250 or more, see gift and got a benefit for it, see 13 Carryover from prior year instructions 12 instructions. You must attach Form 8283 if over $500 13 14 31,700 X 14 Add lines 11 through 13 Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualfied d saster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions 15 16 Other-from 1st in instructions. List type and amount Theft Losses Other Miscellaneous Deductions Total 16 17 Add the amounts in the far right column for lines 4 through 16. A so, enter this amount on 17 56,957 X Form 1040, line 8
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