Carson had the following itemized deductions in 2019: State income taxes..................................................$1,500 Charitable contributions...........................................9,900 Mortgage interest (personal residence)...............12,000

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Carson had the following itemized deductions in 2019:

State income taxes..................................................$1,500

Charitable contributions...........................................9,900

Mortgage interest (personal residence)...............12,000

Medical expenses [$9,875-(10% ×$75,000)]...........2,375


a. What are Carson’s itemized deductions for AMT purposes?

b. What is the amount of the AMT adjustment?

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Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

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

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