During the current year, Sami, a single taxpayer, reports the following items income of income and...
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During the current year, Sami, a single taxpayer, reports the following items income of income and expenses: Income Salary $96,000 Municipal bond interest 1,300 Bank account interest 1,500 Alimony received (Pre-2019 divorce) 24,000 Rental income from residential rental house 9,600 Expenses/losses: Unreimbursed medical expenses 3,500 Interest on principal residence 8.000 Real estate taxes on principal residence 2,000 Expenses related to rental property Repairs Taxes Depreciation 2,700 3,700 1,300 Compute Sami's taxable income (Show all calculations in good fomi) During the current year, Sami, a single taxpayer, reports the following items income of income and expenses: Income Salary $96,000 Municipal bond interest 1,300 Bank account interest 1,500 Alimony received (Pre-2019 divorce) 24,000 Rental income from residential rental house 9,600 Expenses/losses: Unreimbursed medical expenses 3,500 Interest on principal residence 8.000 Real estate taxes on principal residence 2,000 Expenses related to rental property Repairs Taxes Depreciation 2,700 3,700 1,300 Compute Sami's taxable income (Show all calculations in good fomi)
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