Question
Chapter 10 - Question 6 Help me on this. Thank you Linda, who files as a single taxpayer, had AGI of $280,000 for 2018. She
Chapter 10 - Question 6 Help me on this. Thank you Linda, who files as a single taxpayer, had AGI of $280,000 for 2018. She incurred the following expenses and losses during the year: Medical expenses (before the 7.5%-of-AGI limitation) $33,000 State and local income taxes 4,500 State sales tax 1,300 Real estate taxes 4,000 Home mortgage interest 5,000 Automobile loan interest 750 Credit card interest 1,000 Charitable contributions 7,000 Casualty loss (before 10% limitation but after $100 floor) 34,000 Unreimbursed employee expenses subject to the 2%-of-AGI limitation 7,600 Linda's total itemized deductions before any phaseout are $___.
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