Question
Mitch, who is single and has no dependents, had AGI of $100,000 in 2021. His potential itemized deductions were as follows: State income taxes 3,000
Mitch, who is single and has no dependents, had AGI of $100,000 in 2021. His potential itemized deductions were as follows:
| State income taxes | 3,000 |
| Real estate taxes | 7,000 |
| Mortgage | 9,000 |
| Cash contributions to various charities | 4,000 |
What is the amount of Mitchs AMT adjustment for itemized deductions for 2021?
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
