Question
In 2018, Lou Sharp, age 35 and single, deducted $5325 on his federal income tax return for medical expenses. In 2019, sharp received a refund
In 2018, Lou Sharp, age 35 and single, deducted $5325 on his federal income tax return for medical expenses. In 2019, sharp received a refund in the amount of $875 from his insurance company. How much of the refund must be included in his 2019 gross income?
a. 5325
b. 875
c. 0
d. 750
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
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