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7 John smith files as single taxpayer had AGI of $160,000 and incurred the following expenses and lossess for 2020. Calculate itemized deductions for
7 John smith files as single taxpayer had AGI of $160,000 and incurred the following expenses and lossess for 2020. Calculate itemized deductions for 2020: Medical Expenses (Before 7.5% of AGI limitation) State and local Income Taxes State Sales Tax Real Estate Taxes 15,000 6,500 2,000 45,000 Home Mortgage Interest 6,200 Automobile Loan Interest 650 Credit Card interest 1,200 Charitable Contribution 7,000 Casualty loss (Before 10% but after $100 floor) 34,000 Bribe to Police Officer 2,000
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