Question

What is the amount of the deduction and where on the draft forms does this deduction...

What is the amount of the deduction and where on the draft forms does this deduction go?

Bill and Joyce make cash charitable contributions to the United Fund Campaign ($2700), Adelaide University ($510), Tremon University ($1900), and Christ the King Church is Kingston, R.I. ($3100). The Schnappaufs have documentation to verify their cash contributions.

They also donate property to the Salvation Army on July 15, 2018:

Antique table acquired 1/4/17, fair market value is $410, original cost is $225.

Dishwasher acquired 5/6/11, fair market value is $130, original cost is $700.

Sofa bed acquired 3/14/13, fair market value is $90, original cost is $800.

2 Men's suits acquired on various dates, fair market value is $140, original cost is $540.

Homework Answers

Answer #1
The following deductions goes to column numner 11 and 12 of Itemized Deductions, Schedule A, Form 1040.
Deductions Amount
United Fund Campaign 2700
Adelaide University 510
Tremon University 1900
Christ the King Church is Kingston, R.I. 3100
Antique table 410
Dishwasher 130
Sofa bed 90
2 Men's suits 140
Total 8980
Bill and Joyce may deduct a maximum of up to 50 percent of your adjusted gross income for the tax year of the donation.
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