Sheila prepared her 2015 tax return. She calculated her AGI to be $60,000. She c

Question

Sheila prepared her 2015 tax return. She calculated her AGI to be $60,000. She claimed the following itemized deductions:

Medical [$6,500 - .1(AGI)]                         $   500
WV income tax                                                2,500
Mercer County property tax                                                3,000
Home mortgage interest                                                4,000
Charitable Contributions                                                2,900
Miscellaneous itemized deductions [$2,000 - 2% (AGI)]      800
             Total: 13,700


What is Sheila's AMT adjustment for the itemized deductions?

Explanation / Answer

Sheila prepared her 2015 tax return. She calculated her AGI to be $60,000. She c

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