Question
Tony, a calendar year single taxpayer, has the following information for 2022: AGI $185,000 State income taxes 11,500 State sales tax 3,000 Real estate taxes
Tony, a calendar year single taxpayer, has the following information for 2022:
| AGI | $185,000 |
| State income taxes | 11,500 |
| State sales tax | 3,000 |
| Real estate taxes | 10,900 |
| Gambling losses (gambling gains were $12,000) | 1,000 |
Tony's allowable itemized deductions for 2022 are:
______
Tony, a calendar year single taxpayer, has the following information for 2022:
| AGI | $85,000 |
| State income taxes | 1,500 |
| State sales tax | 2,000 |
| Real estate taxes | 2,500 |
| Mortgage interest | 4,000 |
Tony's allowable itemized deductions for 2022 are:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Knowledge Audit A Complete Guide
Authors: The Art Of Service - Knowledge Audit Publishing
2021 Edition
1867424010, 978-1867424017
