Michelle, a single individual, reports 2016adjusted gross income of $280,000 and has the following itemized deductions before applicable limitations:

Medical expenses…………………………………..$ 14,000

Interest on home acquisition mortgage

interest with a principal amount of $650,000……….25,000

Interest on home equity loan with a

principal amount of $95,000………………………….6,000

Taxes…………………………………………………18,000

Charitable contributions………………………………7,000

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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