Question: Tavparer 2 blind, while Sandy Shom is 4 9 , and is not bilnd In 2 0 2 4 , they recelved cash dividends of
Tavparer blind, while Sandy Shom is and is not bilnd
In they recelved cash dividends of $ of which $ were quallied dividends.
On May they purchased a condo in Palm Speings for $ which they rented out flor the rest of the year for $ in they phid rentalrelohed expenses of homeowners' assoclation cunt or an mwhane interest of repoirb of and property taxes of Addcionatly, during they purchasod the folowing fund fasiets for the conder
Large pool equipment on June for $
Automoble less than pounds on October for he
Furniture on November for $
H
They take section from the highestgost asset to the lowestoosh asset, and aso tace hernes
On January they exchanged a rental house on Mercer lisland, Washington, for irivestment land in Lake Tahoe, Calfornia. They purchased the rental house years ago for and had propirty thten cenrectation of on it ever the years. Additionally, the other party assumed their existing mortgage of $ The imvestment land had a lair market value of wise the rental house had a fair market value of $You may assume they received no reet in from the rental house, and all exchange requirements were satisfied.
tod vis
During the yoar, they each contributed the allowable maximum to traditional IRAs. You mayy ignore any income limitations on the IRA contribution. They also paid medical expenses of and property tawes on their personal residence of $ and made qualifying charitable contributions of $
thate is thole total tax owed for
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