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Carson had the following itemized deductions in 2021: State income taxes $ 1,700 Charitable contributions 8,500 Mortgage interest (personal residence) 10,500 Medical expenses [$10,675 (7.5%
Carson had the following itemized deductions in 2021:
State income taxes | $ 1,700 |
---|---|
Charitable contributions | 8,500 |
Mortgage interest (personal residence) | 10,500 |
Medical expenses [$10,675 (7.5% $75,000)] | 5,050 |
Required:
What are Carsons itemized deductions for AMT purposes?
What is the amount of the AMT adjustment?
amount
a. Itemized deduction for AMT _______________ __________________
B. AMT adjustment _______________ _________________neg/positive
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