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Mitch, who is single and age 46 and has no dependents, had AGI of $100,000 this year. His potential itemized deductions were as follows. Medical
Mitch, who is single and age 46 and has no dependents, had AGI of $100,000 this year. His potential itemized deductions were as follows.
Medical expenses (before percentage limitation)$15,000State income taxes3,000Real estate taxes7,000Mortgage interest (acquisition of primary residence)13,000Home equity loan interest (loan used to finance the purchase of a car)4,000Unreimbursed employee expenses (before percentage limitation)4,300
What is the amount of Mitch's AMT adjustment for itemized deductions for 2017?
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