Question
Appendix A:Romeo and Cindy Colombo Information Schedule A for Romeo and Cindy Colombo.For 20X3, they had the following items or occurrences related to itemized or
Appendix A:Romeo and Cindy Colombo Information
Schedule A for Romeo and Cindy Colombo.For 20X3, they had the following items or occurrences related to itemized or potential itemized deductions. All amounts are totals for the year.
Facts:
Taxpayer: Romeo & Cindy Colombo
1400 Ranchos Blvd
San Jose, CA 92111
Social Security Number Romeo: 555-12-4480
Social Security Number Cindy: 123-78-5143
Filing status Married, joint
Adjusted Gross Income (for both) $150,000
Mortgage interest on primary residence $6,000
Mortgage amount $220,000
Property taxes, primary residence $8,255
Mortgage interest on vacation home $10,560
Mortgage amount $160,000
Property tax on vacation home $3,500
Doctor bills paid out of pocket, not covered by insurance $3150
Prescription drugs paid out of pocket $1125
Health insurance premiums paid through employers and deducted from their gross income each week $2,400
Over the counter medicines to treat Romeo's skin condition $300
State income taxes withheld from paychecks $1,800
State income taxes paid with their state return last year $400
Total loss of car, not covered with comprehensive insurance so no insurance proceeds received. Paid $9,000 for the used car. At date of total loss, value was: $4,800
Wallet stolen at beach, containing $100
Tax return preparation fees paid $1,000
Investment counselor fees paid $400
Cash gifts to church $2,400
Donations of old clothing to Goodwill and Salvation Army, all donated August 31st, miscellaneous items listed by Cindy as being worth $350
Donation of appreciated Sherwin-Williams Company stock to the Church. Cindy had paid $1,500 for the stock three years ago, and its value at date of gift (October 1): $3,200
Various donations during the holiday season to needy individuals who use the church's soup kitchen $200
Using the information above, prepare Schedule A for Romeo and Cindy.
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