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Carson had the following itemized deductions in 2019: State income taxes Charitable contributions Mortgage interest (personal residence) Medical expenses ($9,875 (10% x $75,000)] $ 1,500
Carson had the following itemized deductions in 2019: State income taxes Charitable contributions Mortgage interest (personal residence) Medical expenses ($9,875 (10% x $75,000)] $ 1,500 9,900 12,000 2,375 Required: a. What are Carson's itemized deductions for AMT purposes? b. What is the amount of the AMT adjustment? Amount a. Itemized deduction for AMT b. AMT adjustment Positive
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Frank Woods Business Accounting
Authors: Frank Wood. Sangster, Alan
12th Edition
0273759280, 9780273759287
