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Problem 1 0 - 3 7 ( LO . 2 , 3 , 4 , 5 , 7 , 8 ) Bart and Elizabeth Forrest
Problem LO
Bart and Elizabeth Forrest are married and have no dependents. They have asked you to advise them whether they should file jointly or
separately in Bart incurred some significant medical expenses during the year related to an unexpected surgery. They present you
with the following information:
If they file separately, Bart and Elizabeth will split the real estate tax and mortgage interest deductions equally.
If an amount is zero, enter Do not round your intermediate tax computations but round your final tax answers to the
nearest dollar. Round all other computations to the nearest dollar.
Complete the comparison table through AGI, then compute the total amount of the itemized deductions on the separate schedule before
completing the remainder of the table.
Click here to access the tax rate schedule. Comparison of Joint and Separate Tax Liabilities
Tax Year Tax Rate Schedules
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