Asked by bubbasmom
Charles had the following itemized deductions in 2021: State…
Charles had the following itemized deductions in 2021: State income taxes $3,000Charitable contributions 4,900Mortgage interest (personal residence) 14,000Medical expenses [$8,000-(7.5% ×$75,000)] 2,375 What are Charles’ itemized deductions for AMT purposesWhat is the amount of the AMT adjustment?Image transcription textAnswer: AMT Regular Tax Adjustment State Income Taxes Charitable Contributions Mortgage Interest MedicalExpenses… Show more
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