Pedro, who is a single taxpayer, had AGI of $328,000 for 2016. He incurred the following expenses

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Pedro, who is a single taxpayer, had AGI of $328,000 for 2016. He incurred the following expenses during the year:
Medical expenses before 10%-of-AGI limitation .................... $12,000
State and local income taxes ............................................ 8,900
Real estate taxes .......................................................... 1,600
Home mortgage interest ................................................. 16,000
Charitable contributions .................................................. 2,200
Deductible investment interest expense ................................ 1,700
Compute the amount of Pedro's itemized deductions after any applicable reductions.
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Related Book For  answer-question

South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

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

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