CHAPTER 10 Deductions and Losses: Certain Itemize e Byrds provide over half of the support of their two children, Cynthia (born ary 25, 1994, Social Security number 123-45-6788) and John (born February 7, 1998, Social Security number 123-45-6786). Both children are full-time students and with the Byrds except when they are away at college. Cynthia earned $6,200 m a summer internship in 2018, and John earned $3,800 from a part-time job 2018, the Byrds provided 60% of the total support of Bruce's widower During ther, Sam Byrd (born March 6, 1942, Social Security number 123-45-6787). Sam ed alone and covered the rest of his support with his Social Security benefits. Sam liv d in November, and Bruce, the beneficiary of a policy on Sam's life, received life insurance p roceeds of $1,600,000 on December 28 The Byrds had the following expenses relating to their personal residence during 2018 Property taxes Qualified interest on home mortgage (acquisition indebtedness) Repairs to roof Utilities Fire and theft insurance 5,750 The Byrds had the following medical expenses for 2018 $4,500 Medical insurance premiums Doctor bill for Sam incurred in 2017 and not paid until 2018 Operation for Sam Prescription medicines for Sam Hospital expenses for Sam Reimbursement from insurance company, received in 2018 The medical expenses for Sam represent most of the 60% that Bruce contributed toward his father's support. Other relevant information follows: when they filed their 2017 state return in 2018, the Byrds paid additional state income tax of $900 Durin g 2018, Alice and Bruce attended a dinner dance sponsored by the Lowel isability Association (a qualified charitable organization). The Byrds for the tickets. The cost of comparable entertainment would normally Byrds contributed $5,000 to Lowell Presbyterian Church and gave used ing (cost of $1,200 and fair market value of $350) to the Salvation Army onations are supported by receipts, and the clothing is in very good All condition. l, crowdfunding site (gofundme.com), Alice and Bruce made a gift to a need s to homeless individuals downtown (estimated to be $65) y who lost their home in a fire ($400). In addition, they made several cash C Aa-750 which was reported on a CHAPTER 10 Deductions and Losses: Certain Itemize e Byrds provide over half of the support of their two children, Cynthia (born ary 25, 1994, Social Security number 123-45-6788) and John (born February 7, 1998, Social Security number 123-45-6786). Both children are full-time students and with the Byrds except when they are away at college. Cynthia earned $6,200 m a summer internship in 2018, and John earned $3,800 from a part-time job 2018, the Byrds provided 60% of the total support of Bruce's widower During ther, Sam Byrd (born March 6, 1942, Social Security number 123-45-6787). Sam ed alone and covered the rest of his support with his Social Security benefits. Sam liv d in November, and Bruce, the beneficiary of a policy on Sam's life, received life insurance p roceeds of $1,600,000 on December 28 The Byrds had the following expenses relating to their personal residence during 2018 Property taxes Qualified interest on home mortgage (acquisition indebtedness) Repairs to roof Utilities Fire and theft insurance 5,750 The Byrds had the following medical expenses for 2018 $4,500 Medical insurance premiums Doctor bill for Sam incurred in 2017 and not paid until 2018 Operation for Sam Prescription medicines for Sam Hospital expenses for Sam Reimbursement from insurance company, received in 2018 The medical expenses for Sam represent most of the 60% that Bruce contributed toward his father's support. Other relevant information follows: when they filed their 2017 state return in 2018, the Byrds paid additional state income tax of $900 Durin g 2018, Alice and Bruce attended a dinner dance sponsored by the Lowel isability Association (a qualified charitable organization). The Byrds for the tickets. The cost of comparable entertainment would normally Byrds contributed $5,000 to Lowell Presbyterian Church and gave used ing (cost of $1,200 and fair market value of $350) to the Salvation Army onations are supported by receipts, and the clothing is in very good All condition. l, crowdfunding site (gofundme.com), Alice and Bruce made a gift to a need s to homeless individuals downtown (estimated to be $65) y who lost their home in a fire ($400). In addition, they made several cash C Aa-750 which was reported on a
