Compute conrad''s itemized deductions


Conrad, who is single, had agi of $361,850 during the year. He incurred the following expenses and losses during the year:

Medical expenses before 7.5% of agi limitation = $29,500
state and local income taxes - $8,200
Real estate taxes - $9,400
Home mortgage interest - $10,400
Charitable contributions - $6,800
Casualty loss before 10% limitation (after $500 floor) $43,000
Unreimbursed employee expenses subject to 2% of AGI limitation - 9,100
Gambling losses (conrad had $8,400 of gambling income) $10,800

Compute Conrad's itemized deductions

 

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Accounting Basics: Compute conrad''s itemized deductions
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