Evan, age 61, is single and has AGI of $277,300 in 2016. His potential itemized deductions before

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Evan, age 61, is single and has AGI of $277,300 in 2016. His potential itemized deductions before any limitations for the year total $52,300 and consist of the following:

Medical expenses (before the 10%-of-AGI limitation) .......................$28,000

Interest on home mortgage ......................................................................8,700

State income taxes ......................................................................................9,500

Real estate taxes .........................................................................................3,600

Charitable contributions ...........................................................................2,500

After all necessary adjustments are made, what is the amount of itemized deductions Evan may claim?

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South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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