Discuss what is the total amount of his amt adjustments

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Wolfgang, who is age 33, records AGI of $125,000. He incurs the following itemized deductions for 2015.

Medical expenses [$15,000 - (10% × $125,000)] $ 2,500
State income taxes 4,200
Charitable contributions 5,000
Home mortgage interest on his personal residence 6,000
Casualty loss (after $100 and 10% reductions) 1,800
Miscellaneous itemized deductions   [$3,500 - 2%($125,000)] 1,000
$20,500

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

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

Reference no: EM131804816

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