Michelle, a single individual, reports 2007 adjusted gross income of $240,000 and has the following itemized deductions
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Michelle, a single individual, reports 2007 adjusted gross income of $240,000 and has the following itemized deductions before applicable limitations:
Medical expenses $23,000 Home acquisition mortgage interest 20,000 Taxes 18,000 Charitable contributions 6,000 Miscellaneous itemized deductions 8,800
a. What are Michelle’s itemized deductions for regular tax purposes?
b. What are Michelle’s itemized deductions for AMT purposes?
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Related Book For 
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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