Austin, a single individual incurred and paid the following expenses during the year:

Medical expenses $ 5,000

Alimony (agreement entered prior to 2017) 24,000

Charitable contributions 2,000

Casualty loss – in designated Federally declared disaster area (after $100 floor) 1,000

Mortgage interest on personal residence 4,500

State income taxes 4,200

Business Bad Debt 2,500

Contribution to a traditional IRA 4,000

Capital Loss 2,000

Property Taxes 3,500

1. From the list above calculate and list Austin’s deductions for AGI.

2. From the list above calculate and list Austin’s deductions from AGI (without 10% limitation).

Answer rating: 100% (QA)

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