Question

View Help D Tel me what you want to do Dein e Mein Review Testo-- AAAEEE. ABBOOK AaBbc Aabcc AaB Aabot sa No Spac. Heading! Heading Tile Subtitle Sud Nomad 26 Charle 26 Dennis is a successful doctor who camed 5204.800 in foes this year, but he also competes in weekend ol a m Dennis reported the following expenses associated with competing in almost down tournaments State in State in Federal Socus State Suate in County School de s $3,450 1890 Transportation to various tou Lod Entry fees Golfplies (balls, e tc.) Calculate This year Dennis won 55.200 from competing in various of ournament. As the Dennis ima ddechond habe did not have my other miscelso femid deductions, what ma of the polfing expenses are dedactible wher considering all tim e s if the tournament golfis is true aboby activity? 25 Jessica pe soy files t o AG of $40,000. This year she has inced the following 2) Kures and a year they have Real estate State income Karen and Chad பொப் பாகாயம் Mobele Calculate the tech) dra w i nd with other item BW-0313C DELL

Answer 1

Answert @u) Amount of the golfing Expenses are deductible Total Expenses for tournament - Transport + lodging + entry fee & golf supplies $3,450+ $1890 + $ 920 +675. = $6 335 but, action limit to revenue & 5200 deduction = $5200 - $4200(27. do AGI) = $1000 Here, Denn's hophy Expenses $6335 are limited to hy revenug ($ 5200) and further reduced. --> By* 4200 (av. de A Gil which is $204800+ sac).

SO) The amount of the golfing Expenses > (Answer) after considering all (imitations = $ 1000. calculate the amount di medical expense's over the counter for the cosmetic surgery and drugs, the all Expenses are qualified medical Expenses Except. Hence, The medical expense deduction = $5,910-$3.000 = $2,910 (1:751.840,000) T ri The medical Expense dedue fion = $2,910 - This amount is included with other itemized doductions

Law sceny, your spouse and your depende rets, you may be able to deduit Expenses you paid that year for medical and durtal care for your self.. you may dechuet only the amount do your total medical Expenses that Exceed 104. dr your adjusted gross income or 7.5% if you or your spouse is 65 or older, for years beginning ofter December 31, dola. "The 7.5.4. limitation is a temporary Exemption Starting January 1, 2013 to Dec 31, 2016 for individuals age 65 and older and their spouses, .. you figure the amount you are allowed to deduct on form 180o, sechedule A". --0-