Question: Arnold and Beth file a joint return in 2023. Use the following data to calculate their total for AGI deductions. Mortgage interest on personal residence
Arnold and Beth file a joint return in 2023. Use the following data to calculate their total for AGI deductions.
| Mortgage interest on personal residence | $ 6,000 |
| Property taxes on personal residence | 2,500 |
| Moving expenses | 7,000 |
| Charitable contribution of furniture to Goodwill | 1,500 |
| State income taxes | 5,000 |
| Investment interest ($8,000 of expenses limited to net investment income of $7,500) | 7,500 |
| Unreimbursed employee expenses | 2,500 |
| Sales taxes | 2,600 |
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