Evan is single and has AGI of $277,300 in 2018. His potential itemized deductions before any limitations

Question:

Evan is single and has AGI of $277,300 in 2018. His potential itemized deductions before any limitations for the year total $52,300 and consist of the following:

Medical expenses (before the AGI limitation) ........................................$28,000
Interest on home mortgage .........................................................................8,700
State income taxes ........................................................................................9,500
Real estate taxes ............................................................................................3,600
Charitable contributions ...............................................................................2,500

After all necessary adjustments are made, what is the amount of itemized deductions Evan may claim?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

South-Western Federal Taxation 2019 Comprehensive

ISBN: 9781337703017

42th Edition

Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young

Question Posted: