ITEMIZED DEDUCTION CALCULATION TaxpayerFilingStatusDependentsOccupationPaulandKarenSmithMarriedFilingJaintlyJamesJones[Karensfather]-heis85andliveswithPaulandKarenPaul:GeneralContractor(self-emploued)Karen:MortgageBroker(employee) The taxpayers had the following transactions for 2021 : Taxes Charitable Contributions Other Expenses Required: 2 parts are required Part 1 Calculate the following amounts allowed as an Itemized Deduction for tax year 2021 **** SHOW ALL WORK INCLUDING CALCULATIONS**** Total Allowed Medical Expenses (before AGI limitation) Deductible Medical Expenses (after AGI limitation) Total Allowed Taxes (before AGI limitation) $ Deductible Taxes (after AGI limitation) Deductible Mortgage Interest $ Deductible Investment Interest $ Part 1 Calculate the following amounts allowed as an Itemized Deduction for tax year 2021 ****SHOW ALL WORK INCLUDING CALCULATIONS**** Total Allowed Medical Expenses (before AGI limitation) Deductible Medical Expenses (after AGI limitation) Total Allowed Taxes (before AGI limitation) Deductible Taxes (after AGI limitation) Deductible Mortgage Interest Deductible Investment Interest Deductible Personal Interest Deductible Contributions (before AGI limitation) Deductible Contributions (after AGI limitation) Deductible Other Itemized Deductions (after any limitation) Total Itemized Deductions Part 2 Complete Schedule A (Form 1040) for 2021 ITEMIZED DEDUCTION CALCULATION TaxpayerFilingStatusDependentsOccupationPaulandKarenSmithMarriedFilingJaintlyJamesJones[Karensfather]-heis85andliveswithPaulandKarenPaul:GeneralContractor(self-emploued)Karen:MortgageBroker(employee) The taxpayers had the following transactions for 2021 : Taxes Charitable Contributions Other Expenses Required: 2 parts are required Part 1 Calculate the following amounts allowed as an Itemized Deduction for tax year 2021 **** SHOW ALL WORK INCLUDING CALCULATIONS**** Total Allowed Medical Expenses (before AGI limitation) Deductible Medical Expenses (after AGI limitation) Total Allowed Taxes (before AGI limitation) $ Deductible Taxes (after AGI limitation) Deductible Mortgage Interest $ Deductible Investment Interest $ Part 1 Calculate the following amounts allowed as an Itemized Deduction for tax year 2021 ****SHOW ALL WORK INCLUDING CALCULATIONS**** Total Allowed Medical Expenses (before AGI limitation) Deductible Medical Expenses (after AGI limitation) Total Allowed Taxes (before AGI limitation) Deductible Taxes (after AGI limitation) Deductible Mortgage Interest Deductible Investment Interest Deductible Personal Interest Deductible Contributions (before AGI limitation) Deductible Contributions (after AGI limitation) Deductible Other Itemized Deductions (after any limitation) Total Itemized Deductions Part 2 Complete Schedule A (Form 1040) for 2021