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David, who is divorced and age 58, had AGI of $400,000 during 2017. He incurred during the year the following: Medical expense before 10%-of-AGI floor:
David, who is divorced and age 58, had AGI of $400,000 during 2017. He incurred during the year the following:
Medical expense before 10%-of-AGI floor: $39,500
State and local income taxes: $5,200
Real estate taxes: $4,400
Home mortgage interest: $5,400
Charitable contributions: $4,800
Casualty loss before 10% limitation (after $100 floor): $47,000
Unreimbursed employee expenses subject to 2%-of-AGI limitation: $8,900
Gambling losses (David has $7,400 of gambling income): $9,800
Compute David's total itemized deductions for the year.
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