Chapter10 - CHAPTER 10 DEDUCTIONS AND LOSSES: CERTAIN...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 10 DEDUCTIONS AND LOSSES: CERTAIN ITEMIZED DEDUCTIONS SOLUTIONS TO PROBLEM MATERIALS Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 1 Effect of changes in AGI on medical expense deduction Unchanged 1 2 Definition of a medical expense Unchanged 2 3 Cosmetic surgery as a medical expense Unchanged 3 4 Nursing home expenses New 5 Capital expenditure as a medical expense New 6 Medical expenses of noncustodial parent Unchanged 6 7 Self-employed versus employee medical insurance Unchanged 7 8 Medical and casualty loss reimbursement Unchanged 8 9 Health savings account (HSA) Unchanged 9 10 Free medical care; medical expenses and divorce Unchanged 10 11 Apportionment of real estate tax New 12 Mortgage interest expense Unchanged 12 13 Home equity loan New 14 When ‘‘points’’ are deductible Unchanged 14 15 Deduction of interest on debt between related parties Unchanged 15 16 Contribution to an individual New 17 Value received for contribution New 18 Charitable contribution: benefit received Unchanged 18 19 Timing of contribution Unchanged 19 20 Charitable contribution: various Unchanged 20 21 Timing of contribution Unchanged 21 22 Charitable contribution: various Unchanged 22 23 Charitable contribution: reduced deduction election Unchanged 23 *24 Medical expense deduction and reimbursement New 25 Medical expenses: deduction and tax benefit rule Unchanged 25 10-1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 26 Capital expenditures as medical expense deduction New 27 Self-employed health insurance Unchanged 27 *28 Medical expense deduction: taxpayer and dependents Modified 28 29 Medical expenses: dependent and capital expenditures Unchanged 29 *30 Health savings accounts New 31 Apportionment of real estate taxes: effect on basis and amount realized New 32 State income tax deduction and refund New 33 Investment interest expense: net investment income Unchanged 33 *34 Investment interest expense New *35 Home equity loan: calculation of interest expense deduction New 36 Related party loans: interest deduction and inclusion Unchanged 36 37 Charitable contribution deduction: exception to tangible-benefit-received rule Unchanged 37 38 Stock donation: value of contribution New 39 Charitable contribution: reduced deduction election Unchanged 39 40 Application of percentage limitations to contri- bution of long-term capital gain property New 41 Charitable contribution: reduced deduction election Unchanged 41 42 Tangible benefit derived, year of charitable contribution deduction Unchanged 42 43 Choice of property for contribution Unchanged 43 *44 Itemized deductions: joint vs. separate returns and overall limit on itemized deductions Unchanged 44 45 Overall limitation on certain itemized deductions New *46 Overall limitation on certain itemized deductions New *47 Overall limitation on certain itemized deductions New *48 Itemized deduction limitation New *49 Cumulative Modified 49 *50 Cumulative Unchanged 50 Research Problem 1 Interest deduction Unchanged 1 2 Charitable contribution to a private school New 3
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 30

Chapter10 - CHAPTER 10 DEDUCTIONS AND LOSSES: CERTAIN...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online