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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

  1. 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 (in excess of AGI floor)

$15,000

State income taxes

3,000

Real estate taxes

7,000

Mortgage interest (acquisition of primary residence)

13,000

Home equity loan interest (loan used to finance the purchase of a car)

4,000

Unreimbursed employee expenses

4,300

What is the amount of Mitchs AMT adjustment for itemized deductions for 2020?

a.

$12,300.

b.

$10,000.

c.

$16,300.

d.

$34,300.

I chose A. It was wrong but I would like to know what the correct answer was.

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