Pedro, who is a single taxpayer, had AGI of $328,000 for 2015. He incurred the following expenses

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Pedro, who is a single taxpayer, had AGI of $328,000 for 2015. 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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South Western Federal Taxation 2016 Comprehensive

ISBN: 9781305395114

39th Edition

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

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