Question
A.Gambling and Losses $2925 B.Deduction subject to 2% (1140+3420+1596) = 6156 Less: 2% of AGI (43100*2%) = (862) $5330 Itemized Deduction (A+B) S8255 How
A.Gambling and Losses $2925 B.Deduction subject to 2% (1140+3420+1596) = 6156 Less: 2% of AGI (43100*2%) = (862) $5330 Itemized Deduction (A+B) S8255 How do you come out with $5330 amount?
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The parent comes out with 5330 amount by adding together the initial income from A 1140 and from B 1...Get Instant Access to Expert-Tailored Solutions
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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