Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash gifts from Mary's parents $14,000 Medical Insurance (paid with after-tax dollars) 3600 $3,420 Medical expenses not covered by insurance 4200 $ 3,990 Real estate

Cash gifts from Mary's parents $14,000 Medical Insurance (paid with after-tax dollars) 3600 $3,420 Medical expenses not covered by insurance 4200 $ 3,990 Real estate taxes on home 6700 $ 6,365 Real estate taxes on invesment acres in Texas 3000 $ 2,850 State and local sales taxes $0 Interest on home mortgage see 1098 Contribution to church (all cash) 2000 $ 1,900 Goodwill (Carbondale branch) $600 Non-cash items donated to Goodwill were originally purchased on March 15th 2020. The $600 is the fair-value of items today. They were originally purchased for $3,000. The description of items is "clothing and household items." Also this related to the 50% charity limit and method used to determine is "thrift shop value." The address of the goodwill location is 2600 W Sylvania Ave STE 107, Toledo, OH, 43613. The donation was 8/15/22. where I can put these information using TAX ACCT program ,can you give me some tips

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Actuarial Science

Authors: John James Hardy

1st Edition

1332733697, 978-1332733699

More Books

Students also viewed these Accounting questions

Question

What are their resources?

Answered: 1 week ago