Linda, age 37, who files as a single taxpayer, had AGI of $280,000 for 2016. She incurred

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Linda, age 37, who files as a single taxpayer, had AGI of $280,000 for 2016. 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 ........................................................................4,500

State sales tax .................................................................................................1,300

Real estate taxes ............................................................................................4,000

Home mortgage interest ..............................................................................5,000

Automobile loan interest ................................................................................750

Credit card interest .......................................................................................1,000

Charitable contributions ...............................................................................7,000

Casualty loss (before 10% limitation but after $100 floor) .....................34,000

Unreimbursed employee expenses subject to the

2%-of-AGI limitation .....................................................................................7,600

Calculate Linda's allowable itemized deductions for the year.

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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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