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Wolfgang, who is age 33, records AGI of $125,000. He incurs the following itemized deductions for 2017: a. Calculate Wolfgang's itemized deductions for AMT purposes.

Wolfgang, who is age 33, records AGI of $125,000. He incurs the following itemized deductions for 2017:

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a. Calculate Wolfgang's itemized deductions for AMT purposes. If an amount is zero, enter "0".

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b. What is the total amount of his AMT adjustments from these items?

There is a _________ (Choose: Positive or Negative) adjustment of $__________.

Medical expenses [$15,000-(10% x $125,000)] State income taxes Charitable contributions Home mortgage interest on his personal residence Casualty loss (after $100 and 10% reductions) Miscellaneous itemized deductions [$3,500-(2% x $125,000)] $2,500 4,200 5,000 6,000 1,800 1,000 $20,500

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