Question
each of the following independent cases,indicate the amount (1) deductible forAGl,(2) deductible from AGI,and (3) neither deductible for nor from AGI before considering income limitations
each of the following independent cases,indicate the amount (1) deductible forAGl,(2) deductible from AGI,and (3) neither deductible for nor from AGI before considering income limitations or the standard deduction.(Leave no answer blank.Enter zero if applicable.)
a.Ted paid $7 rent on a safety deposit box at the bank. In this box he kept the few shares of stock that he owned.
b.Tyler paid $111 for minor repairs to the fence at a rental house he owned.
c.Timmy paid $855 for health insurance premiums this year(not through an exchange and not with pre-tax dollars). Timmy is employed full-time and his employer paid the remaining premiums as a qualified fringe benefit.
d.Tess paid $1870 of state income taxes on her consulting income.
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