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8). Mitch, who is single and age 46 and has no dependents, had AGI of $100,000 this year. His potential itemized deductions were as follows:
8). Mitch, who is single and age 46 and has no dependents, had AGI of $100,000 this year. His potential itemized deductions were as follows: Medical expenses (before percentage limitation) $15,000 State income taxes 3,000 Real estate taxes 7,000 13,000 Mortgage interest (acquisition of primary residence, mortgage=$500,000) Cash contributions to various charities 4,000 What is the amount of Mitch's AMT adjustment for itemized deductions this year? 8). Mitch, who is single and age 46 and has no dependents, had AGI of $100,000 this year. His potential itemized deductions were as follows: Medical expenses (before percentage limitation) $15,000 State income taxes 3,000 Real estate taxes 7,000 13,000 Mortgage interest (acquisition of primary residence, mortgage=$500,000) Cash contributions to various charities 4,000 What is the amount of Mitch's AMT adjustment for itemized deductions this year
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