Charles, who is single and age 61, had AGI of $400,000 during 2019.He incurred the following expenses and losses during the year. $$\begin{array} { l r }
\text { Medical expenses before AGI floor } & \$ 38,500 \
\text { State and local income taxes } & 15,200 \
\text { Real estate taxes } & 4,400 \
\text { Home mortgage interest } & 5,400 \
\text { Charitable contributions } & 14,800 \
\text { Unreimbursed employee expenses } & 8,900 \
\text { Gambling losses (Charles had } \$ 7,400 \text { of gambling income) } & 9,800
\end{array}$$ Compute Charles's total itemized deductions for the year.

Question

Charles, who is single and age 61, had AGI of $400,000 during 2019.He incurred the following expenses and losses during the year. $$\begin{array} { l r } 
\text { Medical expenses before AGI floor } & \$ 38,500 \
\text { State and local income taxes } & 15,200 \
\text { Real estate taxes } & 4,400 \
\text { Home mortgage interest } & 5,400 \
\text { Charitable contributions } & 14,800 \
\text { Unreimbursed employee expenses } & 8,900 \
\text { Gambling losses (Charles had } \$ 7,400 \text { of gambling income) } & 9,800
\end{array}$$ Compute Charles's total itemized deductions for the year.

Quizplus · Accepted Answer

The Answer of Charles, who is single and age 61, had AGI of $400,000 during 2019.He incurred the following expenses and losses during the year. $$\begin{array} { l r } 
\text { Medical expenses before AGI floor } & \$ 38,500 \
\text { State and local income taxes } & 15,200 \
\text { Real estate taxes } & 4,400 \
\text { Home mortgage interest } & 5,400 \
\text { Charitable contributions } & 14,800 \
\text { Unreimbursed employee expenses } & 8,900 \
\text { Gambling losses (Charles had } \$ 7,400 \text { of gambling income) } & 9,800
\end{array}$$ Compute Charles's total itemized deductions for the year.

Charles, Who Is Single and Age 61, Had AGI of $400,000