Martin had losses totaling $50,000 from rental real estate a…

Martin had losses totaling $50,000 from rental real estate activity. His tax basis and at risk basis in this activity is $70,000. He also had $15,000 of income from another rental real estate activity. What is the total rental real estate loss that he can deduct this year? Assume his AGI is $500,000.

Matthew donated stock (capital gain property) to a public ch…

Matthew donated stock (capital gain property) to a public charity. He purchased the stock 3 years ago for $100,000, and on the date of the gift, it had a fair market value of $200,000. What is his maximum charitable contribution deduction for the year related to this stock if his AGI is $500,000?

Nate has total taxable income of $110,000 which includes qua…

Nate has total taxable income of $110,000 which includes qualified dividends of $15,000. Assuming a preferential rate of 15% and using the tax rate schedule below, what is his total tax?47,150100,5255,426.00 plus 22% of the amount over 47,150100,525191,95017,168.50 plus 24% of the amount over 100,525