How much can you deduct for AGI

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Question - How much can you deduct for AGI for the following scenarios? Provide explanation for possible partial credit.

(Remember that I only ask how much For AGI deduction can you claim in each scenario, I do not ask for the calculation of AGI)

Austin is a Graduate student. His gross income for 2020 is $25k from his Research assistant job. Austin pay $18k for his tuition in 2020 from his out-of-pocket money.

Anna is a non-active, non-managing, partner in AnnaBanana LLC. Her tax basis in the partnership is $10k. Her share of loss from the partnership is $12k.

Allison contribute $4k to her traditional IRA.

Reference no: EM132645076

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