Question
Damian, who is single and age 61, had AGI of $400,000 during 2022. He incurred the following expenses and losses during the year. Medical expenses
Damian, who is single and age 61, had AGI of $400,000 during 2022. He incurred the following expenses and losses during the year.
Medical expenses before AGI floor $38,500
State and local income taxes 15,200
Real estate taxes 4,400
Home mortgage interest 5,400
Charitable contributions 14,800
Unreimbursed employee expenses 8,900
Gambling losses (Damian had $7,400 of gambling income) 9,800
What is Damians taxable income for 2022?
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
