Problem 13-44 (LO. 1)
Anne sold her home for $290,000 in 2015. Selling expenses were $17,400. She purchased it in 2009
for $200,000. During the period of ownership, Anne had done the following:
Deducted $50,500 office-in-home expenses, which included $4,
Problem 11-36 (LO. 2, 11)
a. Heather wants to invest $40,000 in a relatively safe venture and has discovered two alternatives
that would produce the following reportable ordinary income and loss over the next three years:
Up until 1966, Beatlemania had created the image of the Beatles and influenced their sound.
The Beatles were structured, predictable, and cohesive. Although many of the songs they wrote
were catchy, they lacked meaningful lyrics and diversified sound. The
Problem 10-27 (LO. 2)
For calendar year 2015, Jean was a self-employed consultant with no employees. She had $80,000 of
net profit from consulting and paid $7,000 in medical insurance premiums on a policy covering 2015.
How much of these premiums ma