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Pedro, who is a single taxpayer, had AGI of $343,000 for 2017. He incurred the following expenses during the year: Medical expenses before 10%-of-AGI limitation
Pedro, who is a single taxpayer, had AGI of $343,000 for 2017. He incurred the following expenses during the year:
- Medical expenses before 10%-of-AGI limitation $20,900
- State and local income taxes $10,290
- Real estate taxes $2,058
- Home mortgage interest $17,150
- Charitable contributions $4,116
- Deductible investment interest expense $1,544
Compute the amount of Pedro's itemized deductions after any applicable reductions and/or limitations. Round your computations to the nearest dollar and use rounded amounts in subsequent calculations. $
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