Business
Business, 13.05.2021 21:00, pancho99

Antoine is single and has AGI of $277,000 for 2020. He incurred the following expenses and losses during the year: Medical expenses before the 7.5%-of-AGI limitation $44,225
State and local income taxes 2,700
State sales tax 2,900
Real estate taxes 13,400
Home mortgage interest 12,800
Credit card interest 815
Charitable contribution 11,700
Casualty loss before 10% limitation (after $100 floor; not in a Federally 20,600 declared disaster area)
Unreimbursed employee expenses 14,400
If required, round any computations to the nearest dollar.
Calculate Antoine's allowable itemized deductions for the year.

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Answers: 3

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Antoine is single and has AGI of $277,000 for 2020. He incurred the following expenses and losses du...

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