Question: Problem 10-38 (Lo. 2,3,4,5,6,7) Evan is single and has AGI of $277,300 in 2022. His potential itemized deductions before any limitations for the year total
Problem 10-38 (Lo. 2,3,4,5,6,7) Evan is single and has AGI of $277,300 in 2022. His potential itemized deductions before any limitations for the year total 552,300 and conslst of the following: After all necessary adjustments are made, what is the amount of itemized deductions Evan may claim? Do not round intermediate calculations. Round medical deduction and final answer to the nearest dollar. Evan's total itemired deduction is x Feedtach * crach My wor As a general rule, the deduction of personal expenditures is disallowed by 5262 of the Code. Howeven, Congress has chosen to akow ceitain personal expenditures to be deducted as itemued deductions. Bersonal expenditures that are deductble as itemied deductiens inciude medical expenses, certain taxes, mortgage interest, investment interest, and chantable contributions. Taxpayers can ube the greater of itemired deductions or the standard deduction
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