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How to prepare tax return for Mike for 2019 A payment of $24,600 to Greatwood day care center was made. The Mike received a $1,125
How to prepare tax return for Mike for 2019
A payment of $24,600 to Greatwood day care center was made.
The Mike received a $1,125 state income tax refund from their 2018 state tax return. The Mike itemized deductions for 2018 because the itemization total was $600 more than the standard deduction for married filing jointly.
The Mike sold their home this year. They had purchased this house eight years ago for $290,000 and they sold it for $450,000. The gain on the sale qualified for the exclusion from the sale of a principal residence
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