Paul reported the following itemized deductions on his 2018 tax return. His AGI for 2018 was $65,000.

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Paul reported the following itemized deductions on his 2018 tax return. His AGI for 2018 was $65,000. The mortgage interest is all qualified mortgage interest to purchase his personal residence. For AMT, compute his total adjustment for itemized deductions.

Medical expenses (after the 7.5.0% of AGI floor)                             $6,000

State income taxes                                                                                  3,600

Home mortgage interest                                                                      11,500

Charitable contributions                                                                         3,200        


a. $ 0.

b. $ 3,600.

c. $ 9,600.

d. $24,300.

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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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