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Item Amount
Income
Wages, salaries, tips, etc. $52,071
Interest 473
Dividends 135
State tax refund 373
Capital gain 190
Other gain or loss (Form 4797) (37,239)
Pension 12,426
Gambling income 2,458
Adjustments to income
Mr. Capehart’s IRA deduction (1,200)
Petitioner’s IRA deduction (1,200)
Adjusted gross income $28,487
Itemized deductions (Schedule A)
Medical/dental1 1,143
State income taxes 442
Real estate taxes 907
Personal property taxes 504
Mortgage interest 4,164
Charitable gifts 180
Theft loss 4,183
Gambling losses 2,458
Total (13,981)
Net income 14,506
Exemptions (4,900)
Taxable income 9,606
Tax 1,444
Federal income tax withheld2 7,132
Refund 5,688
1Petitioner and Mr. Capehart reported total
medical/dental expenses of $3,280 and deducted the excess
over $2,137 (7.5 percent of their $28,487 adjusted gross
income).
2Petitioner had Federal income tax of $2,164 withheld
from her wages. Mr. Capehart had Federal income tax of
$4,968 withheld from his wages and retirement income.
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Last modified: May 25, 2011