Paul reported the following itemized deductions on his 2019 tax return. His AGI for 2019was $65,000. The

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Paul reported the following itemized deductions on his 2019 tax return. His AGI for 2019was $65,000. The mortgage interest is all qualified mortgage interest to purchase his personal residence. For AMT, compute his total adjustment for itemized deductions.

Medical expenses (after the10% of AGI floor)....................$6,000

State income taxes...................................................................3,600

Home mortgage interest.......................................................11,500

Charitable contributions..........................................................3,200

a. $ 0.

b. $ 3,600.

c. $ 9,600.

d. $24,300.

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Related Book For  answer-question

Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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