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Question Help Consider the following expenses (Click the icon to view the conse) Requirement How much of each expense is currently deductible by a cash
Question Help Consider the following expenses (Click the icon to view the conse) Requirement How much of each expense is currently deductible by a cash basis taxpayer? (Enter at none of the amount is cuently deductible) Current Year Decor Cash Basis Tower More info Medical prescriptions costing 550 paid by credit card (medical expenses already exceed the AGI) b. Prepaid interest (not related to points of $300 on a residential loan. Taxpayer borrows $200 from the bank to make a charitable contribution. The $200 is paid to the charitable organization before the end of the tax year d. Taxpayer gives a note to his church indicating an intent to contribute 600 A calendar year individual malls a check for 800 to his church on December 31. The check is postmarked December 31 and clears the bank on January 4 a Medical present ting 55 paid by credit card medical expenses aheady exceed the Ai foor) b. Prepaid interest (not related to points) of $380 on a residential loan c. Taxpayer bomow $200 from the bank to make a charitable contribution. The 5200 is paid to the chartabile organization before the end of the tax year. d. Tapayer gives a note to his church indicating an intent to contribute 5500 A calendar year individual mais a check for 5800 to his church on December 31. The check la postmarked December 31 and dear the bank on January 4 Done Enter any number in the edit fields and then continue to the next question Type here to search 847 AM 1121/2000
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