Itemized deductions before applicable limitations

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Reference no: EM131208516

Michelle, a single individual, reports 2015 adjusted gross income of $280,000 and has the following itemized deductions before applicable limitations

Medical expenses $ 14000

Interest on home acquisition mortgage with a 25000

principal amount of $650,000

Interest on home equity loan with a principal : 6000

amount of $95000

Taxes 7000

Miscellaneous itemized deductions 8800

a. What are Michelle’s itemized deductions for regular tax purposes? $

b. What are Michelle’s itemized deductions for AMT purposes? $

Reference no: EM131208516

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