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Carson had the following itemized deductions in 2016: State income taxes Charitable contributions Mortgage interest (personal residence) Medical expenses [S8,800 (10% $75,000)] Miscellaneous [$2,600-(2%x$75,000)I S
Carson had the following itemized deductions in 2016: State income taxes Charitable contributions Mortgage interest (personal residence) Medical expenses [S8,800 (10% $75,000)] Miscellaneous [$2,600-(2%x$75,000)I S 1,700 8,500 10,500 1,300 1,100 a. What are Carson's itemized deductions for AMT purposes? b. What is the amount of the AMT adjustment? a. Itemized deduction for AMT b. AMT adjustment
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