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$?$