Question
George, who is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2015: Medical expenses (before 10% floor) $27,000 Interest
George, who is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2015:
Medical expenses (before 10% floor) $27,000
Interest on home mortgage 15,500
State income tax 7,500
State sales tax 4,500
Real estate tax 8,600
Charitable contribution 6,500
What is the amount of itemized deductions George may claim?
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Federal Taxation 2017 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
30th Edition
134420640, 978-0134421438, 134421434, 978-0134420646
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