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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 2018. 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 2018. She incurred the following expenses and losses during the year: Medical expenses (before the 7.5%-of-AGI limitation) State and local income taxes State sales tax Real estate taxes Home mortgage interest Automobile loan interest Credit card interest Charitable contributions Casualty loss (before 10% limitation but after $100 floor; not in a Federally declared disaster area) Unreimbursed employee business expenses $33,000 4,800 1,300 6,000 5,000 750 1,000 7,000 34,000 7,600 Calculate Linda's allowable itemized deductions for the year
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