Eileen is a single individual with no dependents. Her adjusted gross income for 2018 is $60,000. She has the following items that qualify as itemized deductions. What is the amount of Eileen's AMT adjustment for itemized deductions for 2018?
$$\begin{array} { l r }
\text { Medical expenses (before limitations) } & \$ 12,000 \
\text { Mortgage interest on a qualified residence } & 8,000 \
\text { Charitable contribution of a Rockwell portrait } & \
\text { (\$12,000 FMV; } \$ 10,000 \text { basis) } & 12,000 \
\text { State income taxes paid and withheld } & 3,200 \
\text { Real estate taxes paid } & 2,500
\end{array}$$

Question

Eileen is a single individual with no dependents. Her adjusted gross income for 2018 is $60,000. She has the following items that qualify as itemized deductions. What is the amount of Eileen's AMT adjustment for itemized deductions for 2018?
 $$\begin{array} { l r } 
\text { Medical expenses (before limitations) } & \$ 12,000 \
\text { Mortgage interest on a qualified residence } & 8,000 \
\text { Charitable contribution of a Rockwell portrait } & \
\text { (\$12,000 FMV; } \$ 10,000 \text { basis) } & 12,000 \
\text { State income taxes paid and withheld } & 3,200 \
\text { Real estate taxes paid } & 2,500
\end{array}$$

Quizplus · Accepted Answer

The Answer of Eileen is a single individual with no dependents. Her adjusted gross income for 2018 is $60,000. She has the following items that qualify as itemized deductions. What is the amount of Eileen's AMT adjustment for itemized deductions for 2018?
 $$\begin{array} { l r } 
\text { Medical expenses (before limitations) } & \$ 12,000 \
\text { Mortgage interest on a qualified residence } & 8,000 \
\text { Charitable contribution of a Rockwell portrait } & \
\text { (\$12,000 FMV; } \$ 10,000 \text { basis) } & 12,000 \
\text { State income taxes paid and withheld } & 3,200 \
\text { Real estate taxes paid } & 2,500
\end{array}$$

Eileen Is a Single Individual with No Dependents