how to input this information in schedule A Edward & Sally...
60.1K
Verified Solution
Question
Accounting
how to input this information in schedule A
Edward & Sally Itemized Deductions (Schedule A) If the Schedule A exceeds the standard deduction of a married, filing jointly taxpayer(s) then line 17 Sch A is carried to 1040 Line 9 Edward, Sally and Edward, Jr. are covered by health insurance, paid for through Edward's W-2 job. They do have $1,300 of out-of-pocket Dental and Medical expenses which need recorded on Schedule A. Line 1. Follow the instructions on schedule A using .075 limitation They own their home at pay $7,200 of real estate taxes per year. They pay no other state or local income taxes as residents of Texas. The Chardon's pay mortgage interest of $17,235, on their home mortgage ($300,000 mortgage balance, original mortgage loan borrowing was $375,000). They pay no points or other deductible interest Cash gifts to the Chardon's house of worship, made in 2019, was $5,000. They also donated household goods to Goodwill at a fair value of $165. Edward & Sally Itemized Deductions (Schedule A) If the Schedule A exceeds the standard deduction of a married, filing jointly taxpayer(s) then line 17 Sch A is carried to 1040 Line 9 Edward, Sally and Edward, Jr. are covered by health insurance, paid for through Edward's W-2 job. They do have $1,300 of out-of-pocket Dental and Medical expenses which need recorded on Schedule A. Line 1. Follow the instructions on schedule A using .075 limitation They own their home at pay $7,200 of real estate taxes per year. They pay no other state or local income taxes as residents of Texas. The Chardon's pay mortgage interest of $17,235, on their home mortgage ($300,000 mortgage balance, original mortgage loan borrowing was $375,000). They pay no points or other deductible interest Cash gifts to the Chardon's house of worship, made in 2019, was $5,000. They also donated household goods to Goodwill at a fair value of $165

Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.