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Interview Notes . Robert is 41 years old and files as Head of Household. He is not blind. His 2020 adjusted gross income (AGI) is
Interview Notes . Robert is 41 years old and files as Head of Household. He is not blind. His 2020 adjusted gross income (AGI) is $48,624, which includes gambling winnings of $200. Robert would like to itemize his deductions this year. Robert brings documentation for the following expenses: $7,257 Hospital and doctor bills $600 Contributions to Health Savings Account (HSA) $2,325 Long Term Care Insurance premiums before age limitation applied $2,970 State withholding (higher than Robert's calculated state sales tax deduction) $273 Personal property taxes based on value of vehicle $700 Friend's personal GoFundMe campaign to help with COVID-19 $250 Cash contributions to the Red Cross $100 FMV of clothing in good condition donated the Salvation Army (Robert purchased clothing $7,025 Mortgage interest $797 Real estate tax $260 Mortgage Insurance Premiums (PMI) $120 Homeowners association fees $3,500 Gambling losses $800) . 11. If Robert chooses to itemize, which of the following is he eligible to claim as a deduction on Schedule A? OA. $700 GoFundMe donation B. $3,500 Gambling losses C. $120 Homeowner's Association fees OD. $260 Mortgage Insurance Premiums (PMI) Interview Notes . Robert is 41 years old and files as Head of Household. He is not blind. His 2020 adjusted gross income (AGI) is $48,624, which includes gambling winnings of $200. Robert would like to itemize his deductions this year. Robert brings documentation for the following expenses: $7,257 Hospital and doctor bills $600 Contributions to Health Savings Account (HSA) $2,325 Long Term Care Insurance premiums before age limitation applied $2,970 State withholding (higher than Robert's calculated state sales tax deduction) $273 Personal property taxes based on value of vehicle $700 Friend's personal GoFundMe campaign to help with COVID-19 $250 Cash contributions to the Red Cross $100 FMV of clothing in good condition donated the Salvation Army (Robert purchased clothing $7,025 Mortgage interest $797 Real estate tax $260 Mortgage Insurance Premiums (PMI) $120 Homeowners association fees $3,500 Gambling losses $800) . . 12. If Robert chooses not to itemize, what is the amount that he can deduct as an above-the-line charitable contribution adjustment in 2020? OA. $250 OB. $300 C. $350 OD. $1,050
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