Question
Ashley is the treasurer of the construction company. She incurred the following gains/losses throughout the year. Gambling losses $ 2,000 Cash donation to 50% charity
Ashley is the treasurer of the construction company. She incurred the following gains/losses throughout the year.
Gambling losses $ 2,000
Cash donation to 50% charity $10,000
Casualty gain $12,000
Casualty loss from a federally declared disaster $23,100
Casualty loss from breaking glassware through handling $ 4,000
Unreimbursed employee expenses $ 2,000
How much can Ashley deduct as itemized deductions? Assume her AGI is $100,000.
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Financial Accounting
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
9th Edition
032418803X, 978-0324188035
