- 3 - Gross income $7,140 Expenses: Car and truck $2,031 Commissions and fees 1,048 Insurance 250 Seminary and convention 1,550 Robes, oils, incense, and special gear 1,205 Educational, books, publications, and software 2,887 8,971 Net loss ($1,831) On Schedule A of their return, petitioners claimed the following itemized deductions: Medical $5,817 Less 7.5% of adjusted gross income (2,060) $ 3,757 Real estate taxes 753 Home mortgage interest 4,815 Charitable contributions: Cash $4,650 Other than cash 500 5,150 Unreimbursed employee expenses $6,588 Less sec. 67(a) 2% floor 549 6,039 Total itemized deductions $20,514 All the adjustments by respondent in the notice of deficiency relate to Schedules A and C of petitioners' return. With respect to the Schedule A itemized deductions, respondent determined that the medical and dental expenses substantiated by petitioners totaled $1,295. Since that amount did not exceed 7.5 percent of petitioners' adjusted gross income as required by section 213(a), petitioners were not entitled to aPage: Previous 1 2 3 4 5 6 7 8 Next
Last modified: May 25, 2011