Compute the itemized deductions of the Nelson family.

On April 13 of 2022, the couple paid their $1,500 in state taxes due with their 2021 state tax return. They paid state income tax for 2022 of $4,200. The couples estimated state and local sales taxes for 2022 will be a total of $2,800. The property taxes paid on their principal residence for 2022 is $7,600, excluding any amounts allotted to the artist studio.

On October 1st they donated a parcel with a separate small building to the Girl Scouts of America for use as an art studio. They had purchased the acres in 2002 and recently divided a portion for sale (see 4e above). This portion has a basis of $41,500. A professional appraiser determined the fair market value of the property was $92,000 on September 24th of 2022.

This year the Nelsons had several medical expenses not reimbursed by insurance these are as follows: a) Tony & Jeannie both received corrective eye surgery, at a total cost of $ 6,000

$ 3,200 for braces for the 12-year-old

$ 2,600 in co-payments for covered medical procedures.

$ 700 in payments for over-the-counter medications.

$2,500 at the urgent care clinic for Jeannies brother Sam who hurt his back helping her set up the art exhibits in May. He is not their dependent.

They pay $8,800 in health insurance premiums to cover the family.

The Nelsons spent $ 16,200 in home mortgage interest on their original acquisition cost of $800,000 from 2014. They do not have any additional mortgage debt.