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Paul reported the following itemized deductions on his 2016 tax return. His AGI for 2016 was $65,000. The mortgage interest is all qualified mortgage interest
Paul reported the following itemized deductions on his 2016 tax return. His AGI for 2016 was $65,000. The mortgage interest is all qualified mortgage interest to purchase his personal residence. For AMT, compute his total adjustment for itemized deductions.
Medical expenses (after the 10.0% of AGI floor) | $ | 6,000 | |
State income taxes | 3,600 | ||
Home mortgage interest | 11,500 | ||
Charitable contributions | 3,200 | ||
Miscellaneous itemized deductions (after the 2% of AGI floor) | 1,800 | ||
a..$1,800.
b..$3,600.
c..$5,400.
d..$20,100.
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