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Charles had the following itemized deductions in 2018: State income taxes$3,000 Charitable contributions 4,900 Mortgage interest (personal residence)14,000 Medical expenses [$8,000-(7.5% $75,000)] 2,375 a.What are
Charles had the following itemized deductions in 2018:
State income taxes$3,000
Charitable contributions 4,900
Mortgage interest (personal residence)14,000
Medical expenses [$8,000-(7.5% $75,000)] 2,375
a.What are Charles' itemized deductions for AMT purposes?
b.What is the amount of the AMT adjustment?
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