Compute the amount of lucys itemized deductions after any


Lucy, who is single, had AGI of $281,000 for 2016. She incurred the following expenses and losses during the year:

State and local income taxes $4,000

Real estate taxes $13,900

Home mortgage interest $9,350

Unreimbursed employee expenses (after the 2 percent-of-AGI floor) $810  

Medical expenses (after the 10 percent-of-AGI floor) $900.

Compute the amount of Lucy's itemized deductions after any phaseout reduction.

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Financial Econometrics: Compute the amount of lucys itemized deductions after any
Reference No:- TGS02666488

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