Charles, who is single and age 61, had AGI of $400,000 during 2015. He incurred the following expenses and losses during the year.

Medical expenses before 10%-of-AGI limitation	$39,500
State and local income taxes	5,200
Real estate taxes	4,400
Home mortgage interest	5,400
Charitable contributions	4,800
Casualty loss before 10% limitation (after $100 floor)	47,000
Unreimbursed employee expenses subject to 2%-of-AGI limitation	8,900
Gambling losses (Charles had $7,400 of gambling income)	9,800
Compute Charles’s total itemized deductions for the year.

Answer rating: 100% (QA)

Schedule of Itemized deduction of Charles Amount in Medical ExpenseNot in excess ... View the full answer