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Bob is single, age 35, with a dependent child living with him.He hasAGIof $415,850 for 2019.Included in the AGI, he has gambling winnings of $2,000.His
Bob is single, age 35, with a dependent child living with him.He hasAGIof $415,850 for 2019.Included in the AGI, he has gambling winnings of $2,000.His mortgage balance is $500,000.He has the following expenses for the year:
Items:Dollar AmountItems:Dollar AmountMortgage Interest$18,000Credit Card Interest$3,500State Income Taxes$21,000Real Estate Taxes$4,000PersonalProperty Taxes$1,500Charitable Contribution$7,000Gambling Losses$4,500Medical Expenses
(after AGI limitation)
$5,000
What is the amount of Bob'sitemized deductionsfor 2019?
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