Reference no: EM132645048
Question - Linda, who files as a single taxpayer, had AGI of $280,000 for 2019. 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 - 4,800
State sales tax - 1,300
Real estate taxes - 6,000
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; not in a Federally declared disaster area) - 34,000
Unreimbursed employee business expenses - 7,600
Required - Calculate Linda's allowable itemized deductions for the year.
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