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A single taxpayer has the following information for 2020: AGI $195,000 State income taxes 23,500 State sales tax 1,500 Real estate taxes 8,900 Gambling losses
A single taxpayer has the following information for 2020: AGI $195,000 State income taxes 23,500 State sales tax 1,500 Real estate taxes 8,900 Gambling losses (gambling gains were $5,000) 14,800 The taxpayer's total allowable itemized deductions for 2020 are: A) $15,000 B) $47,200 C) $38,900 D) $24,800
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