Bonnie and Jake (ages 35 and 36, respectively) are married with no dependents and live in Montana (not a community property state). Because Jake has large medical expenses, they seek your advice about filing separately to save taxes. Their income and expenses for 2015 are as follows:
Bonnie’s salary………………………………………………..$ 42,500
Jake’s salary……………………………………………………..26,000
Interest income (joint) ……………………………………………1,500
Rental loss from actively managed rental property……………(23,000)
Jake’s unreimbursed medical expenses……………………………8,500
All other itemized deductions:*
Bonnie……………………………………………………………..9,000
Jake……………………………………………………………….3,400
* None subject to limitations
Determine whether Bonnie and Jake should file jointly or separately for 2015.
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