During the current year, Clint, single, had AGI of $180,00. He also paid for the following potentially
Fantastic news! We've Found the answer you've been seeking!
Question:
During the current year, Clint, single, had AGI of $180,00. He also paid for the following potentially deductible items:
Bottled water $ 900
Hospital and doctor bills $12,000
Prescription drugs $ 2,500
Over the counter allergy medicine $ 390
Health insurance premiums $ 4,600
Mortgage interest expense ($500,000 of acquisition debt) $15,500
Real estate taxes on principal residence $ 7,480
State income taxes $ 5,650
Sales tax $ 5,500
Cash contribution to his church $ 4,000
Used clothing (FMV $600, Cost $2,100) ?
Calculate Clint’s itemized deductions for 2021.
Posted Date: