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Calculate Wolfgang itemized deductions for AMT purposes

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Reference no: EM132669511

Problem - Wolfgang, who is age 33, records AGI of $125,000. He incurs the following itemized deductions for 2019.

Medical expenses [$15,000 - (10% X $125,000)] $2,500

State income taxes 4,200

Charitable contributions 5,000

Home mortgage interest on his personal residence 6,000

Required -

a. Calculate Wolfgang's itemized deductions for AMT purposes.

b. What is the total amount of his AMT adjustments from these items?

Reference no: EM132669511

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