Bart and Elizabeth Forrest are married and have no dependents. They have asked you to advise them
Question:
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 2018. 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. Write Bart and Elizabeth a letter in which you make and explain a recommendation on filing status for 2018. Bart and Elizabeth reside at 2003 Highland Drive, Durham, NC 27707.
Transcribed Image Text:
Elizabeth Joint Bart Salary Business net income Interest income Deductions for AGI Medical expenses State income tax Real estate tax Mortgage interest Unreimbursed employee expenses $38,000 $110,000 400 1,200 $2,200 2,400 10,427 14,000 3,358 1,800 900 3,800 4,200 1,200
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Related Book For
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th Edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
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