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Brian (60 years old) is single and legally blind. Brian supports his father, who is 88 years old and blind, by paying the rent and
Brian (60 years old) is single and legally blind. Brian supports his father, who is 88 years old and blind, by paying the rent and other costs of his father's residence. What is the total standard deduction amount that Brian should claim on his 2011 tax return? Form 1040 allows a taxpayer to report which of the following items that are not allowed for taxpayers who file from 1040A a.salary income b.joint return status c.withholding on wages d.self-employment income Bob owns a rental property that he bought several years ago for $260,000. He has taken depreciation on the house of $37,000 since buying it. e sells it in 2011 for $290,000. His selling expenses were $12,000 for the year. What was Bob's realized gain on the sale? a. $30,000 b.$55,000 c.$67,000 d.$18,000 e.none of the above
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