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Lynn is single, no dependants. 2019 expenses: Income salary: 233,000 taxable interest corporate bonds:13,700 Business Income:64,000 Expenses: Home office expense: 3200 state income tax: 6000
Lynn is single, no dependants. 2019 expenses: Income salary: 233,000 taxable interest corporate bonds:13,700 Business Income:64,000 Expenses: Home office expense: 3200 state income tax: 6000 real property tax:8500 Home Mortgage (qualified Housing interest): 9200 home equity loan interest:2500 Investment Interest:15500 cash to charity:2900
64000 business income, sole proprietorship MACRS depreciation 3,175 personal property used in business-placed in service current year Interest 30,000 private activity bonds
What are the deductions from AGI
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