Can you tell me which of the items listed below will qualify for itemized deductions for Schedule 1 income tax 2018? During the year, John paid the following amounts (all of which can be substantiated): Credit card interest $1,760 Auto loan interest $4,300 Auto insurance $900 Contribution to IRA $5,500 Property taxes on personal residence $2,640 Contributions to HSA $2,800 Income tax preparation fee $900 Charitable contributions (all cash): Boy Scouts $1,350 St. Matthews Church 3,100 U. of Nevada (Reno) Medical School $26,900 Nevada Democratic Party 250 Fund-raising dinner for the Reno Auto Museum 100 (value of dinner is $25)
Can you tell me which of the items listed below will qualify for itemized deductions for Schedule 1 income tax 2018? During the year, John paid the following amounts (all of which can be substantiated): Credit card interest $1,760 Auto loan interest $4,300 Auto insurance $900 Contribution to IRA $5,500 Property taxes on personal residence $2,640 Contributions to HSA $2,800 Income tax preparation fee $900 Charitable contributions (all cash): Boy Scouts $1,350 St. Matthews Church 3,100 U. of Nevada (Reno) Medical School $26,900 Nevada Democratic Party 250 Fund-raising dinner for the Reno Auto Museum 100 (value of dinner is $25)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Can you tell me which of the items listed below will qualify for itemized deductions for Schedule 1 income tax 2018?
During the year, John paid the following amounts (all of which can be substantiated):
Credit card interest $1,760
Auto loan interest $4,300
Auto insurance $900
Contribution to IRA $5,500
Property taxes on personal residence $2,640
Contributions to HSA $2,800
Income tax preparation fee $900
Charitable contributions (all cash): Boy Scouts $1,350
St. Matthews Church 3,100 U. of Nevada (Reno) Medical School $26,900
Nevada Democratic Party 250
Fund-raising dinner for the Reno Auto Museum 100 (value of dinner is $25)
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