Michelle, a single individual, reports 2018 adjusted gross income of $210,000 and has paid for the following expenses:
Medical expenses ............................................................................................................................$18,000
Interest on home acquisition mortgage with a principal amount of $650,000 .........................25,000
Taxes ...................................................................................................................................................18,000
Charitable contributions ...................................................................................................................15,800
a. What are Michelle’s itemized deductions for regular tax purposes?
b. What are Michelle’s itemized deductions for AMT purposes?