James and pamela brock and william brock provide you with

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Reference no: EM13389912

James and Pamela Brock and William Brock provide you with the following information related to expenditure they have made:

Type of Documentation	James & Pamela Brock	William Brock
Employer paid medical Insurance Premiums	$10,000	$1,200
Medical insurance premiums paid by taxpayer	$4,000	$8,000
Medical expenses related to eye surgery not covered by insurance	17,500	N/A
Reimbursements from medical insurance carrier	$5,200	N/A
Prescription drug costs	$1,800	$2,200
State income taxes withheld by employer	$6,750	$450
State income tax paid when filing tax return	$2,300	N/A
Real estate taxes on residence	$12,000	N/A
Real estate taxes on Westchester Woods property	$5,000	N/A
Property tax on automobile	$950	$375
Property tax on Westchester Wood's delivery truck	$375	N/A
Sewer use charge	$295	N/A
Home mortgage interest	$14,400	N/A
Home equity interest (the loan amount is $75,000 and the difference between the FMV of the home and acquisition indebtedness is $55,000)	$3,000	N/A
Cash gifts (properly supported)	$1,800	$1,500
Contribution	Artwork, purchased for $8,000 and held for five years, donated to a qualified charity (the charity will display the artwork). The FMV of the artwork is $27,500	N/A
Contribution	N/A	Donated land to a qualified charity. The land was held for 22 years. The basis of the land is $4,200 and its FMV is $67,800
Contribution carryover from a prior year	$0	$14,000
Unreimbursed travel expenses (job related)	$700	$180
Safe deposit box	$55	N/A
Tax preparation (60% allocated to Westchester Wood)	$1000	$125

Required:

Calculate the itemized deductions and
Prepare Form 1040 Schedule A for:
1. James and Pamela Brock and
2. William Brock.

Reference no: EM13389912

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