Pedro, who is a single taxpayer, had AGI of $343,000 for 2017 He incurred the following expenses during the year Medical expenses before 10 of AGI limitation $20,900 State and local income taxes $9,954 Real estate taxes $1,991 Home mortgage interest $16,590 Charitable contributions $3,982 Deductibl...

Particular Amounts State and local income tax 9954 Real estate taxes 1991 Home mortgage i ...

Pedro, who is a single taxpayer, had AGI of $343,000 for 2017. He incurred the following expenses

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Pedro, who is a single taxpayer, had AGI of $343,000 for 2017. He incurred the following expenses during the year:

Medical expenses before 10%-of-AGI limitation $20,900
State and local income taxes $9,954
Real estate taxes $1,991
Home mortgage interest $16,590
Charitable contributions $3,982
Deductible investment interest expense $1,493

Compute the amount of Pedro's itemized deductions after any applicable reductions and/or limitations. Round your computations to the nearest dollar and use rounded amounts in subsequent calculations.

Related Book For answer-question

Concepts in Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Posted Date: Jan 23, 2021 01:32 AM

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Pedro, who is a single taxpayer, had AGI of $343,000 for 2017. He incurred the following expenses

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Concepts in Federal Taxation

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