Carson had the following itemized deductions in 2018: State income taxes $1,500 Charitable contributions 9,900 Mortgage interest

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Carson had the following itemized deductions in 2018:

State income taxes $1,500

Charitable contributions 9,900

Mortgage interest (personal residence) 12,000

Medical expenses [$8,000-(7.5% ×$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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Related Book For answer-question

Fundamentals Of Taxation 2019

ISBN: 9781260158670

12th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Jun 03, 2019 06:35 AM

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Carson had the following itemized deductions in 2018: State income taxes $1,500 Charitable contributions 9,900 Mortgage interest

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