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In 2018, Nadia has $100,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $1,500, state income taxes of $2,000,
In 2018, Nadia has $100,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $1,500, state income taxes of $2,000, and mortgage interest expense of $10,000 (acquisition indebtedness of $200,000).
Required information Problem 8-56 (LO 8-2) The following information applies to the questions displayed below In 2018, Nadia has $100,000 of regular texable income. She itemizes her deductions as follows: real property taxes of $1,500, state income taxes of $2,000, and mortgage interest expense of $10,000 (acquisition indebtedness of $200,000) In addition, she recelves tax-exempt interest of $1,000 from a municipal bond (issued in 2006) that was used to fund a year. new business building for a (formerly) out-of-state employer. Finally, she received a state tax refund of $300 from the prior Problem 8-56 Part a-2 Download the Tax Form and enter the required values in the appropriate fields. Please right click on the attached Adobe document and select open in new window. Then, download the Tax Form and entth required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save." Use 2018 tax rules regardless of year on tax form
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