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Pedro, who is a single taxpayer, had AGI of $369,600 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 $369,600 for 2017. He incurred the following expenses during the year:
- Medical expenses before 10%-of-AGI limitation $15,980
- State and local income taxes $11,088
- Real estate taxes $2,218
- Home mortgage interest $18,480
- Charitable contributions $4,435
- Deductible investment interest expense $1,663
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.
I have tried this three times and it is not working out to the correct answer, I am not sure what I am doing wrong.
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