a.
|
Identify the different categories of interest expense an individual may incur. How is the classification of the interest determined?
|
b.
|
Are these different categories of interest deductible? If so, how?
|
QI:7-26
For individuals, what is the overall deduction limitation on charitable contributions? What is the limitation for corporations?
QI:7-28
How are charitable contribution deductions reported on the tax return for individuals? What reporting requirements must be met for the contribution of property?
QI:7-29
List some of the more common miscellaneous itemized deductions and identify any limitations that are imposed on the deductibility of these items.
No comments:
Post a Comment