Csualty loss before 10 limitation after 100 floor 38000

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Reference no: EM13595411

Kelsey, who is a head of household with one dependent, had AGI of $315,000 for 2011. She incurred the following expenses and losses during the year:
Medical expenses before the 7.5%-of-AGI limitation 25000

State and local income taxes 4300
State sales tax 1205
Real estate taxes 3705
Home mortgage interest 4400
Credit card interest 820
Charitable contribution 3800

Casualty loss before 10% limitation (after $100 floor) 38000. Unreimbursed employee expenses subject to the 2%-of-AGIIimitation 7100
Calculate Kelsey's allowable itemized deductions for the year.

Reference no: EM13595411

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