Use the case study information below to complete the assignment
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Use the case study information below to complete the assignment.
Case Study
Ron and Sue Johnson are married with two children, Ed, age 10, and Joe, age 19.
Joe is a full-time student at the state university. The Johnsons own their home and live in Arizona.
Sue is a CPA and sings in her church choir. The AGI for the Johnsons is $100,000. The Johnsons incurred the expenses shown in the box below.
To complete the assignment:
1. Download the form Schedule A(opens in a new tab).
2. Complete Schedule A for Ron and Sue Johnson using the information in the case study and the transactions below.
Expenses for Ron and Sue Johnson
Points in the amount of $3,000 paid on the loan for the home purchase.
Medical insurance premiums totaling $1,000 per month.
Student loan interest of $100 on a qualified higher education loan used to pay for Sue's college tuition.
Homeowner’s insurance of $650 on personal residence.
Alimony payments made by Ron to a former spouse (pre-2019 divorce agreement) totaling $10,000.
Sue made a $2,500 Roth contribution.
Ron made an $8,000 IRA contribution.
Mortgage interest of $5,000.
Casualty loss on car from a fire of $8,000.
Church contributions of $4,000.
Purchase of new automobile sales tax of $950.
Income taxes paid to Arizona of $500.
Mortgage insurance premiums totaling $2,300.
Personal property taxes of $400.
Real-estate taxes of $3,500.