Question: Schedule A Itemized deductions form 2022 Need the lines and the amount that should be adding in the 2022 Schedule A Case Study Ron and

Schedule A Itemized deductions form 2022

Need the lines and the amount that should be adding in the 2022 Schedule A

Case Study

Ron and Sue Johnson are married with two children, Ed, age 10, and Joe, age 19. Joe is a full-time student at the state university. The Johnsons own their home and live in Arizona. Sue is a CPA and sings in her church choir. The AGI for the Johnsons is $100,000. The Johnsons incurred the expenses shown in the box below.

  1. Points in the amount of $3,000 paid on the loan for the home purchase.
  2. Medical insurance premiums totaling $1,000 per month.
  3. Student loan interest of $100 on a qualified higher education loan used to pay for Sue's college tuition.
  4. Homeowners insurance of $650 on personal residence.
  5. Alimony payments made by Ron to a former spouse (pre-2019 divorce agreement) totaling $10,000.
  6. Sue made a $2,500 Roth contribution.
  7. Ron made an $8,000 IRA contribution.
  8. Mortgage interest of $5,000.
  9. Casualty loss on car from a fire of $8,000.
  10. Church contributions of $4,000.
  11. Purchase of new automobile sales tax of $950.
  12. Income taxes paid to Arizona of $500.
  13. Mortgage insurance premiums totaling $2,300.
  14. Personal property taxes of $400.
  15. Real-estate taxes of $3,500.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!