Problem 5-28
Contributions (LO 5.9)
Jerry made the following contributions during 2019:
|
In addition, Jerry donated used furniture to the Salvation Army costing $400 with a fair market value of $200. Jerry has adjusted gross income of $45,000, the necessary written acknowledgments, and he itemizes his deductions.
Complete the Gifts to Charity section of Schedule A below to show Jerry's deduction for 2019.
Enter all amounts as positive numbers.
| Gifts to Charity |
11 | Gifts by cash or check. If you made any gift of $250 or more, | ||||||
| see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 11 | |||||||
| Caution: If you made a gift and got a benefit for it, see instructions. |
12 | Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 . . . . . | 12 |
|||||
| 13 | Carryover from prior year. . . . . . . . . . . . . . . . . . . . . . . . . | 13 | ||||||
| 14 | Add lines 11 through 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 14 | ||||||
ANSWER
| Line 11 Gifts by Cash or Check = $1,100+ $200 | $1,300 | |
| Line 12 Other Than by Cash or Check = | $200 | |
| Line 13 Carryover From Prior Year = | $0 | |
| Line 14 Add lines 11 through 13 | $1,500 | |
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Problem 5-28 Contributions (LO 5.9) Jerry made the following contributions during 2019: His synagogue (by check)...
Comprehensive Problem 6-52 (LO 6-1, LO 6-2, LO 6-3)
[The following information applies to the questions
displayed below.]
Read the following letter and help Shady Slim with his tax
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December 31, 2019
To the friendly student tax preparer:
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complete a 1040 (2019)
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