Question: Interview Notes Helen is 53 years old and files as single. Her 2023 adjusted gross income (AGI) is $51,000, which includes gambling winnings of $2,000.
Interview Notes Helen is 53 years old and files as single. Her 2023 adjusted gross income (AGI) is $51,000, which includes gambling winnings of $2,000. Helen would like to itemize her deductions this year. Helen brings documents for the following expenses: o $9,000 Hospital and doctor bills o $500 Contributions to Health Savings Account (HSA) o $3,600 State withholding (higher than Helen's calculated state sales tax deduction) o $300 Personal property taxes based on the value of the vehicle o $400 Friend's personal GoFundMe campaign o $275 Cash contributions to the Red Cross o $200 Fair market value of clothing in good condition donated to the Salvation Army (Helen purchased the clothing for $900) o $7,300 Mortgage interest o $2,300 Real estate tax o $150 Homeowners association fees o $3,000 Gambling losses Advanced Scenario 5: Test Questions 11. Helen can claim the $150 Homeowners association fees as a deduction on her Schedule A. a. True b. False 12. What amount of gambling losses is Helen eligible to claim as a deduction on her Schedule A? a. $0 b. $1,000 c. $2,000 d. $3,000
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