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Compute the amount of pedro itemized deductions

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Reference no: EM132282175

Question - Pedro, who is a single taxpayer, had AGI of $369,600 for 2017. He incurred the following expenses during the year:

  • Medical expenses before 10%-of-AGI limitation $15,980.
  • State and local income taxes $11,088.
  • Real estate taxes $2,218.
  • Home mortgage interest $18,480.
  • Charitable contributions $4,435.
  • Deductible investment interest expense $1,663.

Compute the amount of Pedro's itemized deductions after any applicable reductions and/or limitations. Round your computations to the nearest dollar and use rounded amounts in subsequent calculations.

Reference no: EM132282175

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