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Problem 10-39 (LO. 2, 3, 4, 5, 6, 7) Linda, who files as a single taxpayer, had AGI of $280,000 for 2019. She incurred the
Problem 10-39 (LO. 2, 3, 4, 5, 6, 7) Linda, who files as a single taxpayer, had AGI of $280,000 for 2019. She incurred the following expenses and losses during the year: Medical expenses (before the 10%-of-AGI limitation) $33,000 State and local income taxes 4,800 State sales tax 1,300 Real estate taxes 6,000 5,000 Home mortgage interest Automobile loan interest 750 Credit card interest Charitable contributions 1,000 7,000 Casualty loss (before 10% limitation but after $100 floor; not in a Federally declared disaster area) Unreimbursed employee business expenses 34,000 7,600 Calculate Linda's allowable itemized deductions for the year. $ 29,850 X
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