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Randy and Amanda married three years ago and are planning for a baby. In order to help care for the baby, Randy and Amanda decided

Randy and Amanda married three years ago and are planning for a baby. In order to help care for the baby, Randy and Amanda decided to apply to jobs closer to their parents in Virginia.
They both are employed by Deloitte, making together a gross income of $165,000.
To generate cash for their move, they sold their cars for a total loss of $10,000.
Deloitte gave them $10,000 dollars for moving expenses.
To pay for a down payment on the mortgage, they sold stocks for a total net loss of $15,000.
Determine their for AGI deductions for this year (if any).
Determine their AGI.
Determine the amount of itemized deductions they could take for this year (if any).
If the standard deduction they could claim for the year is $29,200, will they itemize or take the standard deduction?
Assume AMT does not apply, and they have no tax credits. Their employers withheld $35,000 in tax for them during the tax year. How much did they owe in tax (or receive in refund) for the year by filing MFJ?

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