Linda, who files as a single taxpayer, had AGI of $280,000 for 2019. She incurred the following

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Linda, who files as a single taxpayer, had AGI of $280,000 for 2019. She incurred the following expenses and losses during the year:

Medical expenses (before the 10%-of-AGI limitation)....................$33,000
State and local income taxes..................................................................4,800
State sales tax..........................................................................................1,300
Real estate taxes......................................................................................6,000
Home mortgage interest.........................................................................5,000
Automobile loan interest............................................................................750
Credit card interest...................................................................................1,000
Charitable contributions..........................................................................7,000
Casualty loss (before 10% limitation but after $100 floor; not in
a Federally declared disaster area).......................................................34,000
Unreimbursed employee business expenses........................................7,600 

Calculate Linda’s allowable itemized deductions for the year.

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Related Book For  answer-question

South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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