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Calculate the amount of mary itemized deductions

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Reference no: EM133021069

Question - Mary is single with AGI of $150,000. Mary made the following payments in 2020:

Medical expenses 8,000

State income tax withholdings 7,000

Sales tax payments 2,000

Real estate taxes 6,000

Interest on qualified home mortgage 10,000

Charitable contribution ABC Corporation stock

Mary purchased her home in 2020 and the original mortgage on the home has a principal balance of $900,000.

Mary purchased ABC stock for $15,000 in 2018 and the stock had a fair market value of $18,000 when she made the donation to a public charity in 2020. Calculate the amount of Mary's 2020 itemized deductions.

Reference no: EM133021069

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