What would This like on the correct tax form?
On March 20 of each year, Courtney's parents send a generous gift of cash as a birthday present. Just as she has done for the past 7 years, Courtney immediately invested the cash in her children's $ 529 college savings plans. 9. The Mumfords had the following expenditures for 098: ZORO Prexpenditure items are shown as follows. Courtney's contribution to her traditional RA, 56,000: Net gambling loss, 1,000. Life insurance premiums, 2,700. Medical and dental expenses not covered by insurance, 16,612. Under Taxes: (indented once) Ad valorem taxes on personal residence, $4,100. (Indented once) State and local sales taxes from receipts, 2,800, single line is drawn below it. Total taxes, 6,900. Interest on home mortgage reported on Form 1098, 4.000. Under Cash contributions: (indented once) Feeding South Dakota (EIN 36-3293534). $1,750. (Indented once) South Dakota governor's election campaign fund, 300, single line is drawn below it. Total cash contributions, 2,050 2010 The $1,000 net gambling loss for ease is the difference between the Mumfords gambling winnings of $1,200 and losses of $2,200. The life insurance premiums relate to the universal life insurance policies that Matthew and Courtney own. The first beneficiary on both policies is the other spouse, with the second beneficiaries being the children. Included in the medical expenses are $1,200 incurred in 2008, which were paid in early February 2019. While South Dakota does not impose income taxes on Individuals, it does impose sales taxes. The Mumfords can substantiate the $2,800 in sales taxes paid based on their purchase receipts for the year. The local sales tax rate in Sioux Falls is 2%. (Hint: Be sure to check to see if the Optional Sales Tax Tables provide the Mumfords with a greater deduction.) Courtney contributed to the governor's campaign fund because she thinks her influence was key in getting the Minnehaha County land rezoned for commercial use (see item 4 above). they tar cause in do pay.num Lauciane 1 50 thal 58,000 On March 20 of each year, Courtney's parents send a generous gift of cash as a birthday present. Just as she has done for the past 7 years, Courtney immediately invested the cash in her children's $ 529 college savings plans. 9. The Mumfords had the following expenditures for 098: ZORO Prexpenditure items are shown as follows. Courtney's contribution to her traditional RA, 56,000: Net gambling loss, 1,000. Life insurance premiums, 2,700. Medical and dental expenses not covered by insurance, 16,612. Under Taxes: (indented once) Ad valorem taxes on personal residence, $4,100. (Indented once) State and local sales taxes from receipts, 2,800, single line is drawn below it. Total taxes, 6,900. Interest on home mortgage reported on Form 1098, 4.000. Under Cash contributions: (indented once) Feeding South Dakota (EIN 36-3293534). $1,750. (Indented once) South Dakota governor's election campaign fund, 300, single line is drawn below it. Total cash contributions, 2,050 2010 The $1,000 net gambling loss for ease is the difference between the Mumfords gambling winnings of $1,200 and losses of $2,200. The life insurance premiums relate to the universal life insurance policies that Matthew and Courtney own. The first beneficiary on both policies is the other spouse, with the second beneficiaries being the children. Included in the medical expenses are $1,200 incurred in 2008, which were paid in early February 2019. While South Dakota does not impose income taxes on Individuals, it does impose sales taxes. The Mumfords can substantiate the $2,800 in sales taxes paid based on their purchase receipts for the year. The local sales tax rate in Sioux Falls is 2%. (Hint: Be sure to check to see if the Optional Sales Tax Tables provide the Mumfords with a greater deduction.) Courtney contributed to the governor's campaign fund because she thinks her influence was key in getting the Minnehaha County land rezoned for commercial use (see item 4 above). they tar cause in do pay.num Lauciane 1 50 thal 58,000
