Question
Desiree, who is single and has no dependents, works as a self-employed realtor and has adjusted gross income of $146,000.Desiree's other information follows: Contribution to
Desiree, who is single and has no dependents, works as a self-employed realtor and has adjusted gross income of $146,000.Desiree's other information follows:
Contribution to solo (k) plan$ 9,000
QBI Deduction16,200
Mortgage interest reported on Form 1098 on primary residence 8,850
State and local property tax on residence 6,850
Charitable contributions of cash 3,950
Charitable contribution of used clothing--thrift
Shop value, $120; original cost, 3,400
Charitable contribution of land fair market value, $14,200; basis2,900
Property tax including tax included in auto registration 4,900
State sales taxes paid 520
State income taxes paid 5,200
Doctors, dentists, etc. fees 10,400
Prescriptions 2,696
Miles in personal automobile for above medical
deductible treatments and purchases--598
Calculate Desiree's taxable income.Show your work.
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