Comp SM_Ch10 - CHAPTER 10 DEDUCTIONS AND LOSSES CERTAIN...

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CHAPTER 10 DEDUCTIONS AND LOSSES: CERTAIN ITEMIZED DEDUCTIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition 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) New 10 Issue ID Unchanged 10 11 Apportionment of real estate tax New 12 Mortgage interest expense Unchanged 12 13 Home equity loan Unchanged 13 14 When “points” are deductible Unchanged 14 15 Deduction of interest on debt between related parties Unchanged 15 16 Contribution to an individual Unchanged 16 17 Value received for contribution New 18 Issue ID Unchanged 18 19 Timing of contribution New 20 Issue ID Unchanged 20 21 Issue ID Unchanged 21 22 Issue ID Unchanged 22 23 Charitable contribution: reduced deduction election New * 24 Medical expense deduction and reimbursement Unchanged 24 10-1
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10-2 2005 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 25 Medical expenses: nursing home New 26 Capital expenditures as medical expense deduction Unchanged 26 27 Self-employed health insurance Unchanged 27 * 28 Medical expense deduction: taxpayer and dependents Unchanged 28 29 Issue ID Unchanged 29 * 30 Health savings accounts Modified 30 * 31 Apportionment of real estate taxes: effect on basis New 32 State income tax deduction and refund New 33 Investment interest expense: net investment income Modified 33 * 34 Investment interest expense New 35 Home equity loan: calculation of interest expense deduction Unchanged 35 36 Related party loans Unchanged 36 37 Charitable contribution deduction: exception to tangible-benefit-received rule Unchanged 37 38 Stock donation Unchanged 38 39 Charitable contribution: reduced deduction election Unchanged 39 40 Application of percentage limitations to contribution of long-term capital gain property Unchanged 40 41 Charitable contribution: reduced deduction election Modified 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 Unchanged 45 * 46 Overall limitation on certain itemized deductions Modified 46 * 47 Itemized deduction limitation and exemption phase-out New * 48 Itemized deduction limitation Unchanged 48 * 49 Cumulative Modified 49 * 50 Cumulative Modified 50 Research Problem 1 Interest deduction New 2 Medical expenses and damage award Unchanged 3 Internet activity New *The solution to this problem is available on a transparency master.
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This note was uploaded on 03/14/2010 for the course ACC 11101 taught by Professor Sun during the Spring '10 term at Abraham Baldwin Agricultural College.

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Comp SM_Ch10 - CHAPTER 10 DEDUCTIONS AND LOSSES CERTAIN...

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